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A Cohort-Analysis of Age-Wealth Profile in Finland

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  • Päivi Kankaanranta

    (University of Turku)

Abstract

In this paper, the relationship between age and household net worth isexamined. The empirical analysis is based on a time-series of four cross-sections of the Finnish household wealth survey. Two different schemesare employed to identify age, cohort and time effects. Time-of-birth isfound to be an important determinant of asset accumulation. Con-trary to the life-cycle model, net worth increases even after retirementage. The cohort effect is found to follow a concave pattern instead ofincreasing monotonously. However, the accumulation behaviour bothover the life-cycle and across cohorts varies considerably by education.

Suggested Citation

  • Päivi Kankaanranta, 2019. "A Cohort-Analysis of Age-Wealth Profile in Finland," Discussion Papers 130, Aboa Centre for Economics.
    • Handle: RePEc:tkk:dpaper:dp130
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    2. Mäki-Fränti, Petri, 2022. "The effects of age and cohort on household saving," BoF Economics Review 6/2022, Bank of Finland.

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    More about this item

    Keywords

    wealth; life-cycle;

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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