Similar Search Results

Assessing the maintenance of savings sufficiency over the first decade of retirement

Haveman, Robert; Holden, Karen; Wolfe, Barbara; … - 2005

The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension …

Persistent link: https://www.econbiz.de/10010261349

Why do the elderly save? The role of medical expenses

De Nardi, Mariacristina; French, Eric; Jones, John Bailey - 2009

This paper constructs a rich model of saving for retired single people. Our framework allows for bequest motives and heterogeneity in medical expenses and life expectancies. We estimate the model using AHEAD data and the method of simulated moments. The data show that out-of-pocket medical...

Persistent link: https://www.econbiz.de/10010292164

Why do couples and singles save during retirement?

De Nardi, Mariacristina; French, Eric; Jones, John Bailey; … - 2021

While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich … that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for … of medical expenses and bequest motives is a crucial determinant of savings for all retirees. Hence, to understand …

Persistent link: https://www.econbiz.de/10012614271

Savings after retirement

French, Eric; Jones, John Bailey; McGee, Rory - 2022

leaving large estates. The three leading explanations for the 'retirement savings puzzle' are the desire to insure against …

Persistent link: https://www.econbiz.de/10014480367

Savings after retirement

French, Eric - 2022

leaving large estates. The three leading explanations for the "retirement savings puzzle" are the desire to insure against …

Persistent link: https://www.econbiz.de/10014546013

Saving after retirement and preferences for residual wealth

Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024

We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...

Persistent link: https://www.econbiz.de/10014581860

Old-age saving in a welfare state

Andersen, Torben M.; Sigmarsson, Andri S.; Zoega, Gylfi - 2024

We contribute to the literature on saving in retirement by studying the saving behavior of retirees in Iceland, a country where health care and nursing homes ares free of charge. This removes some of the precautionary motive for saving, leaving the bequest motive and other inter-generational...

Persistent link: https://www.econbiz.de/10014581198