How do the risks of living long and facing high medical expenses affect the elderly’s saving behavior?

Mariacristina De Nardi, Eric French and John Jones

Chicago Fed Letter, 2012, issue Jan, No 294

Abstract: This article shows that the elderly, especially those with high lifetime incomes, maintain large asset holdings to account for the possibility of their living a long time and facing high medical expenses.

Keywords: Income; Medical care; Life expectancy (search for similar items in EconPapers)
Date: 2012
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