000			02174cam a22003497 4500
001			w8808
003			NBER
005			20211020113236.0
006			m o d
007			cr cnu||||||||
008			210910s2002 mau fo 000 0 eng d
100	1		_aBloom, David E. _96436
245	1	0	_aLongevity and Life Cycle Savings / _cDavid E. Bloom, David Canning, Bryan Graham.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2002.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w8808
500			_aFebruary 2002.
520	3		_aWe add health and longevity to a standard model of life cycle saving and show that, under plausible assumptions, increases in longevity lead to higher savings rates at every age, even when retirement is endogenous. In a stable population these higher savings rates are offset by increased old age dependency, but during the disequilibrium phase, when longevity is rising, the effect on aggregate savings rates can be substantial. Our results explain the boom in savings in East Asia during 1950-90 as a combination of rising life expectancy and falling youth dependency, though they predict that savings in the region will return to more normal levels as populations age. We also find that falling life expectancies in Africa are associated with declining savings rates.
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	_aE21 - Consumption • Saving • Wealth _2Journal of Economic Literature class.
690		7	_aI12 - Health Behavior _2Journal of Economic Literature class.
700	1		_aCanning, David. _97335
700	1		_aGraham, Bryan. _911748
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w8808.
856	4	0	_uhttps://www.nber.org/papers/w8808
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w8808
942			_2ddc _cW-PAPER
999			_c339384 _d297946