Nursing home residents make a difference—The overestimation of saving rates at older ages

Based on the HRS, I find strong dissaving of nursing home residents and a significant overestimation of U.S. saving rates from age 75 onwards if nursing home residents are excluded as in most micro datasets.

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Year of publication:	2012
Authors:	Ziegelmeyer, Michael
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 3, p. 569-572
Publisher:	Elsevier
Subject:	Saving rate \| Saving puzzle \| Life-cycle model \| Nursing home population \| Wealth

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Type of publication:	Article
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving ; D12 - Consumer Economics: Empirical Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041607