The Effects of Large Capital Gains on Work and Consumption: Evidence from Four Waves of the HRS
AbstractThe authors examine how the large increase in wealth in the mid- to late 1990s affected retirement and consumption behavior. Specifically, the authors investigate how gains from stock holdings were spent.
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Bibliographic InfoPaper provided by RAND Corporation Publications Department in its series Working Papers with number 03-14.
Length: 36 pages
Date of creation: Apr 2003
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