1997/03/01 by Rob Alessie, Annamaria Lusardi, Trea Aldershof +1 · 122 citations
Business, Management and Accounting · Economics, Econometrics and Finance · Social Sciences · #Bequest #Demographic economics #Econometrics #Economics #Finance #Financial Literacy, Pension, Retirement Analysis #Gender, Labor, and Family Dynamics #Housing Market and Economics #National wealth #Panel Study of Income Dynamics #Panel data
paper · doi:10.1111/j.1475-4991.1997.tb00198.x
published in Review of Income and Wealth 43(1), 1-32 (Wiley)
openalex publication_date 1997/03/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
In this paper we examine household wealth and income in the Netherlands using data from the Socio Economic Panel (SEP) in the period 1987–89. We provide an evaluation of the quality of the data and some simple statistics which describe the behavior of wealth, saving, and income over the life cycle. We find there is substantial heterogeneity in the behavior of households, and wealth holdings vary substantially even among the same age group. By exploiting the panel feature of the SEP, we derive saving from first differencing wealth. We find that a sizeable fraction of households do not dissave when old and we find some evidence in favor of the bequest motive.