nep-age New Economics Papers
on Economics of Ageing
Issue of 2009‒01‒10
one paper chosen by
Claudia Villosio
LABORatorio R. Revelli

  1. Life expectancy and old age savings By Mariacristina De Nardi; Eric French; John Bailey Jones

  1. By: Mariacristina De Nardi; Eric French; John Bailey Jones
    Abstract: Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large. We use an estimated structural model to assess the impact of life expectancy variation on the elderly’s savings. We find that the differences in life expectancy related to observable factors such as health, gender, and income have large effects on savings, and that these factors contribute by simi- lar amounts. We also show that the risk of outliving one’s expected lifespan has a large effect on the elderly’s saving behavior.
    Date: 2008

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