in which (i.) the force of mortality obeys a diffusion process as opposed to being deterministic, and (ii.) a consumer … can adapt their consumption strategy to new information about their mortality rate (a.k.a. health status) as it becomes … available. We compare and contrast the optimal consumption paths to investigate the impact of mortality rate uncertainty vs …

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 …

Traditionally, households have been seen as acting as a single unit when it comes to savings. Although this might be … correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking …

Traditionally, households have been seen as acting as a single unit when it comes to savings. Although this might be … correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in …