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Nursing home residents make a difference—The overestimation of saving rates at older ages

  • Ziegelmeyer, Michael

Based on the HRS, I find strong dissaving of nursing home residents and a significant overestimation of U.S. saving rates from age 75 onwards if nursing home residents are excluded as in most micro datasets.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165176512004314
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 117 (2012)
Issue (Month): 3 ()
Pages: 569-572

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Handle: RePEc:eee:ecolet:v:117:y:2012:i:3:p:569-572
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Ziegelmeyer, Michael, 2011. "Nursing home residents make a difference – The overestimation of saving rates at older ages," MEA discussion paper series 10210, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
  2. Hurd, Michael D, 1987. "Savings of the Elderly and Desired Bequests," American Economic Review, American Economic Association, vol. 77(3), pages 298-312, June.
  3. Orazio P. Attanasio & Hilary W. Hoynes, 1995. "Differential Mortality and Wealth Accumulation," NBER Working Papers 5126, National Bureau of Economic Research, Inc.
  4. Jeffrey R. Brown & Amy Finkelstein, 2009. "The Private Market for Long-Term Care Insurance in the United States: A Review of the Evidence," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 5-29.
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