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probabilities that are less accurate in predicting their in-sample mortality. There is little evidence that the gradients in the … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …
Persistent link: https://www.econbiz.de/10010532122
The paper presents an approach which thoroughly assesses the role of early life and contemporaneous macro-conditions in explaining health at older ages. In particular, we investigate the role of exposure to infectious diseases and economic conditions during infancy and childhood, as well as the...
Persistent link: https://www.econbiz.de/10011376454
We propose a new framework for studying the evolution of heterogeneous beliefs in a dynamic feedback setting. Beliefs distributions are defined on a beliefs space representing a continuum of possible strategies agents can choose from. Agents base their choices on past performances, re-evaluating...
Persistent link: https://www.econbiz.de/10011334360
Persistent link: https://www.econbiz.de/10010191433
the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …
Persistent link: https://www.econbiz.de/10011350363
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...
Persistent link: https://www.econbiz.de/10011349213
Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the spouse, disability, and a move toa nursing home, may affect the mental health status of the individual. Forexample, the individual may enter a prolonged depression. We...
Persistent link: https://www.econbiz.de/10011318580
causal effects on the health and mortality of the survivor. We estimate the model using a longitudinal survey that traces … takes account of selectivity in partners' mortality and health evolution. We find strong instantaneous effects of … bereavement on mortality and on certain aspects of health. Individuals lose on average 12% of residual life expectancy after …
Persistent link: https://www.econbiz.de/10011350367
health, cognitive ability and mortality. The results are all over the place but on average it seems like at retirement mental … health improves, cognitive skills deteriorate and mortality is not affected. However, there is substantial effect …
Persistent link: https://www.econbiz.de/10013332696
Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop a model of adaptive expectations where individuals are able to store only a finite number of past experiences of a stochastic state variable. Retrieval of these experiences is...
Persistent link: https://www.econbiz.de/10010465148