Evidence on Wealth-Age Profiles in Canadian Cross-Section Data

Abstract

This paper reports on one component of a research program in which we are studying household behaviour to establish a set of empirical facts upon which researchers can construct more realistic models. Evidence on whether wealth-age profiles conform to the inverse U-shape predicted by the standard life-cycle model is mixed. Here we show that there are significant differences in accumulation behaviour across major household types; on average, 'blue-collar' households decumulate after retirement but 'white-collar' do not. La relation entre la richesse et l'dge : profils dr en moyenne, les menages de cols bleus font l'experience d'une decumulation de richesse apres la retraite, alors que les menages de cols blancs ne font pas cette experience.

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