Health accidents and wealth decline in old age

d’Albis, Hippolyte, Najat El Mekkaoui and Bérangère Legendre
Authors registered in the RePEc Author Service: Hippolyte d'Albis

Social Science & Medicine, 2023, vol. 332, issue C

Abstract: This paper explores the impact of a health shock and changes in survival probability on the savings and portfolio choices of older individuals. Using a theoretical framework featuring a portfolio choice that incorporates imperfect annuity markets, we analyse how elderly individuals, whose survival probability has been altered by a health shock, allocate their resources.

Keywords: Life cycle model; Saving behavior; Health shock; Difference-in-differences (search for similar items in EconPapers)
Date: 2023
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Working Paper: Health accidents and wealth decline in old age (2023)
Working Paper: Health accidents and wealth decline in old age (2023)
Working Paper: Health accidents and wealth decline in old age (2023)
Working Paper: Health accidents and wealth decline in old age (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:socmed:v:332:y:2023:i:c:s0277953623004744

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DOI: 10.1016/j.socscimed.2023.116117

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