Life expectancy and old age savings

Mariacristina De Nardi, Eric French and John Jones

No WP-08-18, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large. We use an estimated structural model to assess the impact of life expectancy variation on the elderly?s savings. We find that the differences in life expectancy related to observable factors such as health, gender, and income 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.

Keywords: Wealth; Retirement income (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-age, nep-hea and nep-lab
References: Add references at CitEc
Citations: View citations in EconPapers (53)

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... s/2008/wp2008_18.pdf (application/pdf)

Related works:
Journal Article: Life Expectancy and Old Age Savings (2009)
Working Paper: 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: https://EconPapers.repec.org/RePEc:fip:fedhwp:wp-08-18

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper Series from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().