“[beta]-arrestin 2 regulates A[beta] generation and [gamma]-secretase activity in Alzheimer’s disease,” by Amantha Thathiah, Katrien Horre, An Snellinx, Elke Vandewyer, Yunhong Huang, Marta Ciesielska, Gerdien De Kloe, Sebastian Munck & Bart De Strooper (Vol. 19, No. 1, January 2013, p. 43-49).
January 7, 2013
CAAR – National Bureau of Economic Research Working Paper – January 7, 2013
“Optimal Financial Knowledge and Wealth Inequality,” by Annamaria Lusardi, Pierre-Carl Michaud, and Olivia S. Mitchell (w18669, January 2013, .pdf format, 48p.).
Abstract:
While financial knowledge is strongly positively related to household wealth, there is also considerable cross-sectional variation in both financial knowledge and net asset levels. To explore these patterns, we develop a calibrated stochastic life cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over and above that of standard life cycle models; this is because higher earners typically have more hump-shaped labor income profiles and lower retirement benefits which, when interacted with precautionary saving motives, boost their need for private wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has the potential to account for a large proportion of wealth inequality. The fraction of the population which is rationally financially ‘ignorant’ depends on the generosity of the retirement system and the level of means-tested benefits. Educational efforts to enhance financial savvy early in the life cycle so as to produce one percentage point excess return per year would be valued highly by people in all educational groups.
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CAAR – Program on the Global Demography of Aging [Harvard University] Working Paper – January 7, 2013
“Aging and Productivity: Introduction,” by David E. Bloom and Alfonso Sousa-Poza (PGDA Working Paper No. 98, January 2013, .pdf format, 8p.). There is no abstract for this paper.
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CAAR – Human Mortality Database – January 7, 2013
- Data for USA were revised and updated through 2010 (Jan. 4, 2013).
- Data for Switzerland were revised and updated through 2011 (Jan. 4, 2013).
www.mortality.org/cgi-bin/hmd/DataAvailability.php
Data access:
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CAAR – Journal Table of Contents – January 7, 2013
Journal of Pension Economics and Finance (Vol. 12, No. 1, January 2013).
journals.cambridge.org/action/displayIssue?decade=2010&jid=PEF&volumeId=12&issueId=01&iid=8802027
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