which makes it possible to better characterize the influence of the ageing process on the older people consumption. …

transfers (public health care expenditures and the generosity of pension systems) to the level of savings. A reduced-form model … ageing-consumption, an ageing-saving, a saving-capitalisation and a saving-longevity puzzles have been put forward in the …

This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … embodying social transfers (health care and pension expenditures) and changes in longevity to determine the level of household … savings. From this model, we derived an econometric specification, augmented with the effects of public budget balances. The …

social transfers (health care and pension expenditures) and changes in longevity to determine the level of household savings …This paper analyses the impact of welfare systems and longevity on savings. It develops a life-cycle model embodying … both pension and health transfers may have a significant negative impact on the household saving. Therefore these …