Why Do Some Households Save So Little? A Rational Explanation

Why Do Some Households Save So Little? A Rational Explanation

Source :

• Review of Economic Dynamics [ 1094-2025 ] ; 2000.

English descriptors

• KwdEn :
  • dissaving, elderly, life-cycle, rational behavior, retirement, saving, uncertain lifetime, wealth.
• Teeft :
  • Academic press, Actual survival data, Actuarial notes, Algorithm, Analytical solution, Annuity, Average dissaving rate, Average rate, Bequest motive, Bequest motives, Borrowing constraint, Canadian data, Certain lifetime, Chicago press, College scholarship rules, Common perception, Comparative statics results, Constraint, Control problem, Davy, Decile, Decision problem, Decumulation, Depleting wealth, Depletion, Different profiles, Different values, Differential equations, Discount rates, Dissaving, Dissaving rate, Dissaving rates, Early terminal wealth depletion, Elderly households, Elderly people, Empirical evidence, Empirical work, Entire wealth, Explicit terminal wealth depletion time, Eyjt, Fair life annuities, Family risk, Future earnings, Hazard rate, High dissaving rate, High income, Home equity, Hong kong, Household wealth, Housing wealth, Hubbard, Hurd, Income ratio, Incorporating, Incorporating terminal wealth depletion, Initial wealth, Interest rate, Leung, Leung table, Life annuities, Life annuity, Life insurance, Lifetime, Lifetime budget constraint, Lifetime income, Lifetime uncertainty, Little assets, Little wealth, Longitudinal retirement history survey, Major differences, Many economists, Many people, Maximum lifetime, Mirer, Mortality hazard, Mortality risk, Nber, Necessary optimality conditions, Negative impact, Numerical analysis, Optimal consumption path, Optimal control problem, Optimal solution, Other cases, Other factors, Other words, Panel data, Parameter values, Permanent income, Political economy, Poor health, Previous algorithm, Previous section, Previous sections, Previous studies, Private savings, Public economics, Rational behavior, Rational model, Rational theory, Real wealth change, Risk aversion, Sensitivity analysis, Shift parameter, Shooting algorithm, Significant fraction, Simulation, Simulation results, Simulation results support, Simulation studies, Simulation study, Simulation work, Slow decumulation, Slow dissaving, Social insurance, Social insurance argument, Social insurance programs, Social security, Special case, Special steps, Standard model, Stylized fact, Subtle relationship, Survival function, Survival probability, Terminal, Terminal wealth depletion, Terminal wealth depletion time, Theoretical analysis, Theoretical results, Time path, Uncertain lifetime, Wealth, Wealth accumulation, Wealth decumulation, Wealth depletion, Wealth distribution, Wealth holdings, Wealth path, Welfare programs.

Abstract

• https://api.istex.fr/document/BB05A48EBF4C965CB9117871AF0925795FEA449D/fulltext/pdf

Affiliations:

• Hong Kong

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