Christensen, Bent Jesper; Kallestrup-Lamb, Malene; … - National Bureau of Economic Research - 2022
would expect that wealth accumulated before retirement would be used to augment consumption in later life, with the … implication that wealth should decline over time. The risk of large out-of-pocket medical expenditures is negligible in Denmark … explanations are not plausible for Denmark (and therefore also questionable for the U.S.). Our analysis instead attempts to explain …