Mortality Decline, Impatience and Aggregate Wealth Accumulation with Risk-Sensitive Preferences

Antoine Bommier

Working Papers from ETH Zurich, Chair of Systems Design

Abstract: The paper discusses the impact of longevity extension on aggregate wealth accumulation, accounting for changes in individual behaviors as well as changes in population age structure. It departs from the standard literature by adopting risk-sensitive preferences. Human impatience is then closely related to mortality rates and aggregate wealth accumulation appears to be much more sensitive to demographic factors than usually found. Illustrations are provided using historical mortality data from different countries.

Keywords: longevity; life-cycle savings; wealth accumulation; risk-sensitive preferences; risk aversion (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
ftp://web.sg.ethz.ch/RePEc/stz/wpaper/pdf/ETH-RC-14-006.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Failed to connect to FTP server web.sg.ethz.ch: A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.

Related works:
Working Paper: Mortality Decline, Impatience and Aggregate Wealth Accumulation with Risk-Sensitive Preferences (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:stz:wpaper:eth-rc-14-006

Access Statistics for this paper

More papers in Working Papers from ETH Zurich, Chair of Systems Design Contact information at EDIRC.
Bibliographic data for series maintained by Claudio J. Tessone ( this e-mail address is bad, please contact ).