Mortality Risk and Consumption by Couples

Michael Hurd ()

Working Papers from RAND - Labor and Population Program

Abstract: The goal of this paper is to analyze a model to explain consumption by couples. It is an extension fo the model for singles by Yaari (1195), and therefore emphasizes the role of mortality risk. It also allows for what I call a "true" bequest motive, bequeathing by a couple to the next generation, or at least to others outside of their own two-person household.

Keywords: COUPLES; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: D11 J12 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1999
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Citations: View citations in EconPapers (13)

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Working Paper: Mortality Risk and Consumption by Couples (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:randlp:99-03

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