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The Wealth Decumulation Behavior of the Retired Elderly in Italy : The Importance of Bequest Motives and Precautionary Saving

Ventura, Luigi - 2020

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that … retired elderly in Italy are continuing to accumulate wealth and that more than 80 percent are doing positive amounts of …

Persistent link: https://www.econbiz.de/10012481942

Widows' Time, Time Stress and Happiness : Adjusting to Loss

Hamermesh, Daniel S.; Myck, Michał; Oczkowska, Monika - National Bureau of Economic Research - 2021

By age 77 a plurality of women in wealthy Western societies are widows. Comparing older (aged 70+) married women to widows in the American Time Use Survey 2003-18 and linking the data to the Current Population Survey allow inferring the short- and longer-term effects of an arguably exogenous...

Persistent link: https://www.econbiz.de/10012533301

Dissaving by the Elderly, Transfer Motives and Liquidity Constraints

Ando, Albert - 1993

Two explanations have been proposed for the observed slowness of wealth decumulation by the elderly in the literature: the precautionary saving induced by (uninsurable) uncertainty about the time of death or by the possibility of major catastrophes in old age that require large outlays; the...

Persistent link: https://www.econbiz.de/10012474371

Issues and results from research on the elderly

Hurd, Michael D.

Persistent link: https://www.econbiz.de/10000770640

Life insurance of the elderly : adequacy and determinants

Auerbach, Alan J.; Kotlikoff, Laurence J. - 1985

Persistent link: https://www.econbiz.de/10003476780

Elderly Asset Management and Health : An Empirical Analysis

Feinstein, Jonathan S. - 2000

We present models of asset management by the elderly. We focus on saving, spend-down of assets, and gift-giving, and the influence of health on these precesses. We also study the evolution of elderly health and the impact of economic variables on health outcomes. We present results from...

Persistent link: https://www.econbiz.de/10012470936

Long-Term Declines in Disability Among Older Men : Medical Care, Public Health, and Occupational Change

Costa, Dora L. - 2000

Functional disability (difficulty in walking , difficulty in bending, paralysis, blindness in at least one eye, and deafness in at least one ear) in the United States has fallen at an average annual rate of 0.6 percent among men age 50 to 74 from the early twentieth century to the early 1990s....

Persistent link: https://www.econbiz.de/10012471165

Retirement Outcomes in the Health and Retirement Study

Gustman, Alan L. - 2000

This study examines retirement outcomes in the first four waves of the Health and Retirement Study. Measured retirement is seen to differ, sometimes substantially, with the definition of retirement used and among various groups analyzed. Moreover, these differences vary with the wave of the...

Persistent link: https://www.econbiz.de/10012471181

Guaranteed Income : SSI and the Well-Being of the Elderly Poor

McGarry, Kathleen - 2000

Discussions of changes in the Social Security program must necessarily consider the impact of such changes on the well-being of the poor elderly. Under the current system, the financial needs of this population are met by the Supplement Security Income program (SSI). SSI has done much to improve...

Persistent link: https://www.econbiz.de/10012471195

Predictors of Mortality Among the Elderly

Hurd, Michael - 1999

The objective of this paper is to find the quantitative importance of some predictors of mortality among the population aged 70 or over. The predictors are socio-economic indicators (income, wealth and education), thirteen health indicators including a history of heart attack or cancer, and...

Persistent link: https://www.econbiz.de/10012471342

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