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This is the first paper to document the effect of health on the migration propensities of African Americans in the American past. Using both IPUMS and the Colored Troops Sample of the Civil War Union Army Data, I estimate the effects of literacy and health on the migration propensities of...
Persistent link: https://www.econbiz.de/10012477686
This article examines how the availability of annuities affects savings and inequality in economies in which neither … children pool longevity risk to their mutual advantage. The analysis of the latter economies takes into account the infinite … sequence of risk sharing bargains of successive parents with their children. Such bargains affect current risk sharing between …
Persistent link: https://www.econbiz.de/10012477847
econometrics. In general, the estimated elasticities are consistent with the theory and indicate that one percentage point rise in …
Persistent link: https://www.econbiz.de/10012477459
Simple presentations of the life cycle model often suggest a constant level of real consumption in retirement. Similarly, financial planners commonly suggest that people save for retirement in such a way as to enable them to maintain a level retirement standard of living equal to their standard...
Persistent link: https://www.econbiz.de/10012479308
This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease...
Persistent link: https://www.econbiz.de/10012474267
Persistent link: https://www.econbiz.de/10013480756