Kotlikoff, Laurence J; Shoven, John; Spivak, Avia - In: Journal of Labor Economics 4 (1986) 3, pp. 183-207
This paper examines the amount of precautionary savings and wealth inequality arising from life-span uncertainty by comparing saving behavior under perfect insurance arrangements with that arising under imperfect arrangements, namely, when longevity risk can be pooled only with members of one's...