De Nardi, Mariacristina; French, Eric; Jones, John Bailey; … - National Bureau of Economic Research - 2021
While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich … model of retired singles and couples with bequest motives and uncertain longevity and medical expenses. Our estimates imply … that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for …