Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior

Thomas Post and Katja Hanewald

No 201111, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales

Abstract: Theoretical studies suggest that unexpected changes in future survival probabilities, that is, longevity risk, are important determinants of individuals' decision making about consumption, saving, allocation of assets, and retirement timing. Based on a data set that matches subjective survival expectations and savings indicators from the Survey of Health, Ageing and Retirement in Europe (SHARE) with life table data from the Human Mortality Database this study provides first empirical evidence that individuals are aware of longevity risk.

Keywords: longevity risk; subjective survival expectations; forecast dispersion; saving behavior (search for similar items in EconPapers)
JEL-codes: D14 D84 D91 H31 J11 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2011-08
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.cepar.edu.au/media/59721/wp1111_longevi ... al_expectations_.pdf First version, 2011 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.cepar.edu.au/media/59721/wp1111_longevity_risk__subjective_survival_expectations_.pdf [301 Moved Permanently]--> https://www.cepar.edu.au/media/59721/wp1111_longevity_risk__subjective_survival_expectations_.pdf)

Related works:
Journal Article: Longevity risk, subjective survival expectations, and individual saving behavior (2013)
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:asb:wpaper:201111

Access Statistics for this paper

More papers in Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales Contact information at EDIRC.
Bibliographic data for series maintained by Elena Capatina ( this e-mail address is bad, please contact ).