Housing and Saving in Retirement Across Countries

Makoto Nakajima () and Irina Telyukova ()

Chapter 5 in Contemporary Issues in Microeconomics, 2016, pp 88-126 from Palgrave Macmillan

Abstract: Abstract In the United States, households have, on average, significant positive wealth late in life. In the Health and Retirement Study, median net worth of a household at age 90 was about $75,000 in 2006. The large literature on the subject, sometimes referred to as the retirement saving puzzle, has studied a number of possible explanations for why retirees do not spend down wealth quickly, which have included longevity risk, bequest motives, precautionary motives and medical expense risk, and public care aversion.

Keywords: Mortgage Market; Home Equity; Housing Wealth; Social Security Administration; Bequest Motive (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:pal:intecp:978-1-137-52971-8_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137529718

DOI: 10.1057/9781137529718_6

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().