SAVING BEHAVIOR OF OLDER HOUSEHOLDS - RATE-OF-RETURN, PRECAUTIONARY AND INHERITANCE EFFECTS

Authors
JIANAKOPLOS NA MENCHIK PL IRVINE FO
Citation
Na. Jianakoplos et al., SAVING BEHAVIOR OF OLDER HOUSEHOLDS - RATE-OF-RETURN, PRECAUTIONARY AND INHERITANCE EFFECTS, Economics letters, 50(1), 1996, pp. 111-120
Citations number
15
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
50
Issue
1
Year of publication
1996
Pages
111 - 120
Database
ISI
SICI code
0165-1765(1996)50:1<111:SBOOH->2.0.ZU;2-K
Abstract
We estimate a model of household saving behavior using data from a pan el of men nearing retirement age. We seek and find statistically signi ficant rate-of-return, precautionary and intergenerational-transfer ef fects embedded within a retirement-consumption life-cycle model.