| 000 | 02603cam a22003857 4500 | ||
|---|---|---|---|
| 001 | w12688 | ||
| 003 | NBER | ||
| 005 | 20211020112152.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2006 mau fo 000 0 eng d | ||
| 100 | 1 |
_aBloom, David E. _96436 |
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| 245 | 1 | 4 |
_aThe Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States / _cDavid E. Bloom, David Canning, Michael Moore, Younghwan Song. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2006. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w12688 |
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| 500 | _aNovember 2006. | ||
| 520 | 3 | _aWe explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective lifespan. In order to control for the presence of measurement error and focal points in responses, as well as reverse causality, we instrument subjective survival probabilities using information on current age, or age at death, of the respondent's parents. Our estimates indicate that increased subjective probabilities of survival result in increased household wealth among couples, with no effect on the length of the working life. These findings are consistent with the view that retirement decisions are driven by institutional constraints and incentives and that a longer expected lifespan leads to increased wealth accumulation. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aD1 - Household Behavior and Family Economics _2Journal of Economic Literature class. |
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| 690 | 7 |
_aI1 - Health _2Journal of Economic Literature class. |
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| 690 | 7 |
_aJ1 - Demographic Economics _2Journal of Economic Literature class. |
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| 690 | 7 |
_aJ22 - Time Allocation and Labor Supply _2Journal of Economic Literature class. |
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| 700 | 1 |
_aCanning, David. _97335 |
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| 700 | 1 | _aMoore, Michael. | |
| 700 | 1 | _aSong, Younghwan. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w12688. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w12688 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w12688 |
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_2ddc _cW-PAPER |
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_c335448 _d294010 |
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