Life Expectancy and Old Age Savings

Mariacristina De Nardi (), Eric French and John Bailey Jones ()

No 14653, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large, and we use an estimated structural model to assess its effect on the elderly's saving. We find that the differences in life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that these factors contribute by similar amounts. We also show that the risk of outliving one's expected lifespan has a large effect on the elderly's saving behavior.

JEL-codes: D1 D31 D91 E2 E21 E6 H31 I1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-hea, nep-lab and nep-mac
Date: 2009-01
Note: AG HE PE
View list of references View citations in EconPapers

Downloads: (external link)
http://www.nber.org/papers/w14653.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
Working Paper: Life expectancy and old age savings (2009)
Journal Article: Life Expectancy and Old Age Savings (2009)
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: http://EconPapers.repec.org/RePEc:nbr:nberwo:14653

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w14653
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().