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lifespan risk, can explain a significant portion U.S. savings during retirement. However, more work is needed to disentangle … question is why households do not buy more insurance against these risks. Going beyond total savings and looking at its …
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leaving large estates. The three leading explanations for the ‘retirement savings puzzle' are the desire to insure against …
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leaving large estates. The three leading explanations for the "retirement savings puzzle" are the desire to insure against …
Persistent link: https://www.econbiz.de/10013466161
lifespan risk, can explain a significant portion U.S. savings during retirement. However, more work is needed to disentangle … question is why households do not buy more insurance against these risks. Going beyond total savings and looking at its …
Persistent link: https://www.econbiz.de/10013021022
The saving patterns of retired US households pose a challenge to the basic life-cycle model of saving. The observed patterns of out-of-pocket medical expenses, which rise quickly with age and income during retirement, and heterogeneous life span risk can explain a significant portion of US...
Persistent link: https://www.econbiz.de/10014124297
leaving large estates. The three leading explanations for the 'retirement savings puzzle' are the desire to insure against …
Persistent link: https://www.econbiz.de/10014480367
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precautionary savings. We implement a "strategic" survey to resolve the identification problem between bequest and precautionary …
Persistent link: https://www.econbiz.de/10003472872