Expected longevity is an important factor influencing older individuals' decisions such as consumption, savings, purchase of life insurance and annuities, claiming of Social Security benefits, and labor supply. It has also been shown to be a good predictor of actual longevity, which in turn is...

Expected longevity is an important factor inuencing older individuals' decisions such as consumption, savings, purchase of life insurance and annuities, claiming of Social Security bene- fits, and labor supply. It has also been shown to be a good predictor of actual longevity, which in turn is...