| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10789 |
| 来源ID | Working Paper 10789 |
| Subjective Mortality Risk and Bequests | |
| Li Gan; Guan Gong; Michael Hurd; Daniel McFadden | |
| 发表日期 | 2004-09-27 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper investigates whether subjective expectations about future mortality affect consumption and bequests motives. We estimate a dynamic life-cycle model based on subjective survival rates and wealth from the panel dataset Asset and Health Dynamics among Oldest Old. We find that bequest motives are small on average, which indicates that most bequests are involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out-of-sample wealth levels than estimates using life table mortality risks, suggesting that decisions about consumption and saving are influenced more strongly by individual-level beliefs about mortality risk than by group level mortality risk. |
| 主题 | Microeconomics ; Behavioral Economics ; Econometrics ; Data Collection |
| URL | https://www.nber.org/papers/w10789 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568421 |
| 推荐引用方式 GB/T 7714 | Li Gan,Guan Gong,Michael Hurd,et al. Subjective Mortality Risk and Bequests. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10789.pdf（434KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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