| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20547 |
| 来源ID | Working Paper 20547 |
| Annuitized Wealth and Post-Retirement Saving | |
| John Laitner; Daniel Silverman; Dmitriy Stolyarov | |
| 发表日期 | 2014-10-06 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive arising from uninsured health status risks. The model distinguishes between annuitized and non-annuitized wealth, emphasizes the importance of asset composition in determining optimal household behavior, and includes an extension allowing late-in-life exchange transactions among relatives. We consider three puzzles in micro data - rising cohort average wealth of retirees, lack of demand for market annuities, and the relative scarcity of bequests - and show that our model can provide intuitive explanations for each. |
| 主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w20547 |
| 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/578221 |
| 推荐引用方式 GB/T 7714 | John Laitner,Daniel Silverman,Dmitriy Stolyarov. Annuitized Wealth and Post-Retirement Saving. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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