EconPapers    
Economics at your fingertips  
 

Why do couples and singles save during retirement?

Mariacristina De Nardi, Eric French, John Jones and Rory McGee

No W21/12, IFS Working Papers from Institute for Fiscal Studies

Abstract: While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich model of retired singles and couples with bequest motives and uncertain longevity and medical expenses. Our estimates imply that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for couples and high-income singles, and generate transfers to non-spousal heirs whenever a household mem-ber dies. The interaction of medical expenses and bequest motives is a crucial determinant of savings for all retirees. Hence, to understand savings, it is important to model household structure, medical expenses, and bequest motives.

Date: 2021-05-28
New Economics Papers: this item is included in nep-age, nep-cwa, nep-dge, nep-hea and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://ifs.org.uk/uploads/WP202112-Why-do-couples ... uring-retirement.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Why Do Couples and Singles Save During Retirement? (2021) Downloads
Working Paper: Why Do Couples and Singles Save During Retirement? (2021) Downloads
Working Paper: Why Do Couples and Singles Save During Retirement? (2021) Downloads
Working Paper: Why Do Couples and Singles Save During Retirement? (2021) Downloads
Working Paper: Why Do Couples and Singles Save During Retirement? (2021) Downloads
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:ifs:ifsewp:21/12

Ordering information: This working paper can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE

Access Statistics for this paper

More papers in IFS Working Papers from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().

 
Page updated 2024-12-09
Handle: RePEc:ifs:ifsewp:21/12