2016 | OriginalPaper | Buchkapitel
More Risk, Greater Wealth Inequality
verfasst von : Christian E. Weller
Erschienen in: Retirement on the Rocks
Verlag: Palgrave Macmillan US
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The last three decades have been characterized by both rising wealth inequality and growing retirement income inadequacy, as a rising share of household s is expected to be unable to maintain its standard of living in retirement. At the same time, labor market risks—longer spells of unemployment and less stable earnings—and financial market risks—larger boom-and-bust cycles in the stock and housing markets—have gone up, too. And, as established in chapter 2, households have become more exposed to the potential fallout from these market risks.