Behavioral Responses to Wealth Shocks: Evidence from Sweden

by Laszlo Sandor, Harvard University

How do workers prepare for retirement as their financial situation changes?  How does wealth affect earnings and health before and after retirement?  How quickly do people spend down newfound wealth rather than saving it?  How strong is informal insurance in the family?  My dissertation will address these questions empirically with three novel research designs for statistical analysis on Sweden’s complete population registries.  The project will be the first to use the data for this purpose, but also the first with this design in any context.  The answers are arguably generalizable to other settings, including the United States.

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