Karagiannaki, Eleni - London School of Economics and Political Science - 2009
The analysis in this paper focuses on the impact of health on the savings andconsumption decisions of the elderly. In … principle, there are at least five alternativechannels through which health may affect consumption and savings. Ill health … expectations inducing higher consumption.Conversely ill health may induce lower consumption and an increase in precautionarysavings …
