Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings …. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure … savings. This paper addresses this potential bias by considering the joint effects age dependency and longevity have on …

premature death, pension policies and long-term care. -- life expectancy ; mortality ; optimal public policy …

consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …) affected by the virus, but may increase savings if individuals perceive a sizable probability of getting infected later in life …

, general savings behavior, saving specifically for old age, saving for emergencies, and sources of emergency funds). Results … significant and positive impact on financial security, suggesting that these factors could play a key role in promoting savings …