G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20547
来源IDWorking 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
URLhttps://www.nber.org/papers/w20547
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578221
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GB/T 7714
John Laitner,Daniel Silverman,Dmitriy Stolyarov. Annuitized Wealth and Post-Retirement Saving. 2014.
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