| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12688 |
| 来源ID | Working Paper 12688 |
| The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States | |
| David E. Bloom; David Canning; Michael Moore; Younghwan Song | |
| 发表日期 | 2006-11-15 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective lifespan. In order to control for the presence of measurement error and focal points in responses, as well as reverse causality, we instrument subjective survival probabilities using information on current age, or age at death, of the respondent's parents. Our estimates indicate that increased subjective probabilities of survival result in increased household wealth among couples, with no effect on the length of the working life. These findings are consistent with the view that retirement decisions are driven by institutional constraints and incentives and that a longer expected lifespan leads to increased wealth accumulation. |
| 主题 | Microeconomics ; Households and Firms ; Health, Education, and Welfare ; Health ; Labor Economics ; Demography and Aging ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w12688 |
| 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/570351 |
| 推荐引用方式 GB/T 7714 | David E. Bloom,David Canning,Michael Moore,et al. The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States. 2006. |
| 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 | ||
| w12688.pdf（208KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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