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 …

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 …

's labor force participation. For example, a single person who receives an inheritance of over $150,000 is roughly four times … more likely to leave the labor force than a person with an inheritance below $25,000. Additional, albeit weaker, evidence …

Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts …

transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our …