| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20973 |
| 来源ID | Working Paper 20973 |
| Long-Term-Care Utility and Late-in-Life Saving | |
| John Ameriks; Joseph S. Briggs; Andrew Caplin; Matthew D. Shapiro; Christopher Tonetti | |
| 发表日期 | 2015-03-02 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Older wealthholders spend down assets much more slowly than predicted by classic life-cycle models. This paper introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care (LTC), and ordinary consumption combine with health and longevity uncertainty to explain saving behavior. To sharply identify motives, it develops strategic survey questions (SSQs) that elicit stated preferences. The model is estimated using these SSQs and wealth data from the Vanguard Research Initiative. A robust finding is that the desire to self-insure against long-term-care risk explains a substantial fraction of the wealthholding of older Americans. |
| 主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; Health, Education, and Welfare ; Health ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w20973 |
| 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/578648 |
| 推荐引用方式 GB/T 7714 | John Ameriks,Joseph S. Briggs,Andrew Caplin,et al. Long-Term-Care Utility and Late-in-Life Saving. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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