studies. We use aunique panel data set on household savings. We find that that a higher unemploymentexpectation significantly … decreases savings. However, we are not able to identify asignificant relationship between general future income expectations and … savings. Moreover,we find that good health expectations increase savings in Western Germany, butdecrease the savings in …

We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …

This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … savings. From this model, we derived an econometric specification, augmented with the effects of public budget balances. The … savings. In line with life-cycle theory, we found that longevity increases saving ratios …

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 …

information that is not incorporated in subjective mortality expectations and that the rational expectations assumption cannot be …

The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In … principle, there are at least five alternative channels through which health may affect consumption and savings. Ill health may … affect both consumption capacities and needs while the risk of deteriorating health might increase subjective mortality …