empirical evidence that individuals are indeed aware of longevity risk and that this awareness affects their savings decisions …. These results are based on a data set that matches subjective survival expectations and savings indicators from the Survey … of Health, Ageing and Retirement in Europe (SHARE) with life table data from the Human Mortality Database …

fell to about 0.80, although there is uncertainty about the appropriate mortality table. We suggest that the level of the …

morbidity and mortality databases for better price discovery; supply of financial instruments enabling better matching of assets …

lifelong income. As the world of defined contribution retirement savings has grown, and with the potential vast expansion of … private retirement savings through automatic IRAs, the majority of savers now nearing retirement and in the generations to … traditional means for managing the risk of outliving savings in retirement. But annuities as an investment or distribution option …

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 …

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 … not save more on average when faced with longevity risk although theory suggests they should …