Longevity and Life-cycle Savings
David Canning () and
Bryan Graham ()
Authors registered in the RePEc Author Service: Juliana Seminerio ()
Scandinavian Journal of Economics, 2003, vol. 105, issue 3, pages 319-338
We add health and longevity to a standard model of life-cycle saving and show that, under plausible assumptions, increases in life expectancy lead to higher savings rates at every age, even when retirement is endogenous. In a stationary population these higher savings rates are offset by increased old age dependency, but during the disequilibrium phase, when longevity is rising, the effect on aggregate savings rates can be substantial. We find empirical support for this effect using a cross-country panel of national savings rates. Copyright The editors of the "Scandinavian Journal of Economics", 2003 .
References: Add references at CitEc
Citations View citations in EconPapers (94) Track citations by RSS feed
Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2003&part=null link to full text (text/html)
Access to full text is restricted to subscribers.
Working Paper: Longevity and Life Cycle Savings (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:bla:scandj:v:105:y:2003:i:3:p:319-338
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0347-0520
Access Statistics for this article
Scandinavian Journal of Economics is currently edited by Richard Friberg, Matti Liski and Kjetil Storesletten
More articles in Scandinavian Journal of Economics from Wiley Blackwell
Series data maintained by Wiley-Blackwell Digital Licensing ().