Showing 1 - 10 of 32
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/10003860856
Persistent link: https://www.econbiz.de/10003864139
Persistent link: https://www.econbiz.de/10003956968
Persistent link: https://www.econbiz.de/10011298835
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...
Persistent link: https://www.econbiz.de/10012550099
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...
Persistent link: https://www.econbiz.de/10012583502
Persistent link: https://www.econbiz.de/10012624121
Persistent link: https://www.econbiz.de/10013262798
Persistent link: https://www.econbiz.de/10011876083
Persistent link: https://www.econbiz.de/10011743164