Life Expectancy and Old Age Savings

Mariacristina De Nardi, Eric French and John Jones

No 14653, NBER Working Papers from National Bureau of Economic Research, Inc

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

JEL-codes: D1 D31 D91 E2 E21 E6 H31 I1 (search for similar items in EconPapers)
Date: 2009-01
New Economics Papers: this item is included in nep-age, nep-hea, nep-lab and nep-mac
Note: AG EH PE
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Citations: View citations in EconPapers (72)

Published as Mariacristina De Nardi & Eric French & John Bailey Jones, 2009. "Life Expectancy and Old Age Savings," American Economic Review, American Economic Association, vol. 99(2), pages 110-15, May.

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Journal Article: Life Expectancy and Old Age Savings (2009)
Working Paper: Life expectancy and old age savings (2009)
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