@techreport{NBERw14653, title = "Life Expectancy and Old Age
Savings", author = "Mariacristina De Nardi and Eric French and
John Bailey Jones", institution = "National Bureau of Economic
Research", type = "Working Paper", series = "Working Paper
Series", number = "14653", year = "2009", month = "January", URL
= "http://www.nber.org/papers/w14653", abstract = {Rich people,
women, and healthy people live longer. We document that this
heterogeneity in life expectancy is large, and we use an
estimated structural model to assess its effect on the elderly's
saving. We find that the differences in life expectancy related
to observable factors such as income, gender, and health have
large effects on savings, and that these factors contribute by
similar amounts. We also show that the risk of outliving one's
expected lifespan has a large effect on the elderly's saving
behavior.}, }