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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13105 |
来源ID | Working Paper 13105 |
The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives | |
John Ameriks; Andrew Caplin; Steven Laufer; Stijn Van Nieuwerburgh | |
发表日期 | 2007-05-17 |
出版年 | 2007 |
语种 | 英语 |
摘要 | Strong bequest motives can explain low retirement spending, but so equally can strong precautionary motives. Given this identification problem, the recent tradition has been largely to ignore bequest motives. We develop a rich model of spending in retirement that allows for both motives, and introduce a "Medicaid aversion" parameter that plays a key role in determining precautionary savings. We implement a "strategic" survey to resolve the identification problem between bequest and precautionary motives. We find that strong bequest motives are too prevalent to be ignored. Moreover, Medicaid aversion is widespread, and helps explain the low spending of many middle class retirees. |
主题 | Microeconomics ; Households and Firms ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Health, Education, and Welfare ; Labor Economics ; Demography and Aging |
URL | https://www.nber.org/papers/w13105 |
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/570773 |
推荐引用方式 GB/T 7714 | John Ameriks,Andrew Caplin,Steven Laufer,et al. The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives. 2007. |
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 | ||
w13105.pdf(467KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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