Life expectancy and old age savings / Mariacristina De Nardi, Eric French, John Bailey Jones.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14653.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2009Description: 13 p. : ill. ; 22 cmSubject(s): Life expectancy -- Economic aspects | Saving and investment -- Econometric models | Older people -- Economic conditionsLOC classification: HB1 | .N38 no. 14653Online resources: Click here to access online Summary: Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large, and we use an estimated structural model to assess its effect on the elderly's saving. We find that the differences in life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that these factors contribute by similar amounts. We also show that the risk of outliving one's expected lifespan has a large effect on the elderly's saving behavior.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14653 (Browse shelf (Opens below)) | 1 | Available | 0013125609 |
Includes bibliographical references.
Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large, and we use an estimated structural model to assess its effect on the elderly's saving. We find that the differences in life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that these factors contribute by similar amounts. We also show that the risk of outliving one's expected lifespan has a large effect on the elderly's saving behavior.
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