. -- stochastic mortality ; subjective survival expectations ; forecast dispersion ; savings behavior …Theoretical studies suggest that unexpected changes in future mortality and survival probabilities (stochastic … mortality) are important determinants of individuals’ decisions about consumption, saving, asset allocation, and retirement …

matching data on longevity risk from the Human Mortality Database. We find a positive relationship between the forecast … longevity risk. Our analysis of savings behavior shows that the dispersion in survival estimates is primarily explained by …

Theoretical studies suggest that unexpected changes in future mortality and survival probabilities (stochastic … mortality) are important determinants of individuals' decisions about consumption, saving, asset allocation, and retirement … (SHARE) and corresponding life table data from the Human Mortality Database (HMD), we find evidence of respondents' awareness …

uptake of German households in a probit model. Using survey data on savings and old-age provision, we find that subjective …

life-cycle consumption and savings. According to numerous studies on subjective survival beliefs, young people also …

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …

provide evidence that individuals mis-perceive their mortality risk, and study the demand for annuities in a setting where …

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 …