inheritances. This paper studies the role of various forces affecting savings in quantitative models of wealth inequality …

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 …

While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich … that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for … of medical expenses and bequest motives is a crucial determinant of savings for all retirees. Hence, to understand …

supply and savings of two different cohorts. To do so, we estimate a rich life-cycle model of couples and singles using the … labor market participation, hours, and savings for married and single people and generates plausible elasticities of labor … participation of married men after age 55, and the savings of couples. These effects are large for both the 1945 and 1955 cohorts …

lifespan risk, can explain a significant portion U.S. savings during retirement. However, more work is needed to disentangle … question is why households do not buy more insurance against these risks. Going beyond total savings and looking at its …

the saving motives assumed. This paper surveys the savings mechanisms proposed so far (preference heterogeneity …, transmission of bequests and human capital across generations, entrepreneurship, and high earnings risk for the top earners) and …