Book/Printed Material Subjective mortality risk and bequests

Title

• Subjective mortality risk and bequests

Summary

• "This paper investigates whether subjective expectations about future mortality affect consumption and bequests motives. We estimate a dynamic life-cycle model based on subjective survival rates and wealth from the panel dataset asset and health synamics among oldest old. We find that bequest motives are small on average, which indicates that most bequests are involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out-of-sample wealth levels than estimates using life table mortality risks, suggesting that decisions about consumption and saving are influenced more strongly by individual-level beliefs about mortality risk than by group level mortality risk"--National Bureau of Economic Research web site.

Names

• Gan, Li
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

• -  Inheritance and succession--Mathematical models
• -  Life expectancy--Mathematical models
• -  Mortality--Mathematical models

Notes

• -  Title from PDF file as viewed on 1/11/2005.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005615396
• http://papers.nber.org/papers/w10789 External

Library of Congress Control Number

• 2005615396

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2005615396

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record