Notes: Column 1 reports OLS estimates for log wealth-to-income ratio, column 2 marginal effects from a Probit model for financial market participation, column 3 OLS estimates for the log of total hours of work of both spouses, and column 4 OLS estimates for the expected age of retirement. The estimates also control for age, gender, and education of the household head and household size. The data are obtained from the SHIW 1986–2008 waves. We drop the transitional years 1993–1995 as well as households whose heads are older than 58 years or out of the labor force. We keep married couples if the household head was born between 1935 and 1970. Standard errors for the estimated coefficients are reported in parenthesis, clustered at the household level. Three stars, two stars, and one star indicate statistical significance at the |$1\%$|⁠, |$5\%,$| and at the |$10\%$| confidence level, respectively.