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Bequests and social security with uncertain lifetimes
Abel, Andrew B. - 1984
Persistent link: https://www.econbiz.de/10001803381
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Bequests and Social Security with Uncertain Lifetimes
Abel, Andrew B. - 2021
The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...
Persistent link: https://www.econbiz.de/10013235635
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Bequests and Social Security With Uncertain Lifetimes
Abel, Andrew B. - 1984
The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...
Persistent link: https://www.econbiz.de/10012477718
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Social Security, Bequests, and the Life Cycle Theory of Saving : Cross-Sectional Tests
Blinder, Alan S. - 1981
tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of …") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of … issues econometrically, an equation for assets is developed from the strict life-cycle theory. The specification is …
Persistent link: https://www.econbiz.de/10012478504
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Pay-as-You-Go Social Security and the Distribution of Bequests
Fuster, Luisa; Caballé, Jordi - 2000
This paper studies the impact of an unfunded social security system on the distribution of bequests in a framework where savings are due both by life cycle and by random altruistic motivations. We show that the impact of social security on the distribution of bequests depends crucially on the...
Persistent link: https://www.econbiz.de/10014151739
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Optimal pensions in aging economies
Heer, Burkhard - 2015
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83 …
Persistent link: https://www.econbiz.de/10010477151
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Optimal pensions in aging economies
Heer, Burkhard - In: The B.E. journal of macroeconomics 18 (2018) 1, pp. 1-19
Persistent link: https://www.econbiz.de/10011898637
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Pensions, Social Security, and the Distribution of Wealth
Kennickell, Arthur B.; Sundén, Annika E. - 2001
This paper uses the Survey of Consumer Finances (SCF) to examine pension coverage, estimate Social Security and pension wealth for U.S. households in 1989 and 1992, and to estimate the effects of pension wealth on non-pension net worth. As expected, the SCF data show that including pensions and...
Persistent link: https://www.econbiz.de/10014055301
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Do the retired elderly in europe decumulate their wealth? : the importance of bequest motives, precautionary saving, public pensions, and homeownership
Horioka, Charles; Ventura, Luigi - 2022
Persistent link: https://www.econbiz.de/10013370619
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Condorcet was wrong, Pareto was right : families, inheritance and inequality
Cowell, Frank A.; Van de Gaer, Dirk - 2017
Persistent link: https://www.econbiz.de/10011967170