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 …

' efforts to self-protect against mortality and morbidity risks. The demand for self-protection is modeled in a stochastic, life …

. This effect of uncertain lifetime on savings may also lead the economy to an equilibrium exhibiting asymptotic growth even …

This paper investigates the predictive power of time preferences on the risk of early mortality and illness in … preferences on early mortality by one-fourth …

For the last fifty years, countries in Asia and elsewhere witnessed a surge in aggregate savings per capita. Some … argued that the rise in savings is short-run, eventually to be dissipated by the dissaving of the elderly, whose proportion … theory. A model of life cycle decisions with uncertain survival is used to derive individuals' consumption and chosen …

, increases in longevity lead to higher savings rates at every age, even when retirement is endogenous. In a stable population … these higher savings rates are offset by increased old age dependency, but during the disequilibrium phase, when longevity … is rising, the effect on aggregate savings rates can be substantial. Our results explain the boom in savings in East Asia …