Mortality Risk and Consumption by Couples
The goal of this paper is to analyze a model to explain consumption by couples. It is an extension fo the model for singles by Yaari (1195), and therefore emphasizes the role of mortality risk. It also allows for what I call a "true" bequest motive, bequeathing by a couple to the next generation, or at least to others outside of their own two-person household.
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- Michael D. Hurd, 1992. "Wealth Depletion and Life-Cycle Consumption by the Elderly," NBER Chapters,in: Topics in the Economics of Aging, pages 135-162 National Bureau of Economic Research, Inc.
- Michael D. Hurd, 1990. "Wealth Depletion and Life Cycle Consumption by the Elderly," NBER Working Papers 3472, National Bureau of Economic Research, Inc.
- Laurence J. Kotlikoff & Lawrence H. Summers, 1986. "The Contribution of Intergenerational Transfers to Total Wealth: A Reply," NBER Working Papers 1827, National Bureau of Economic Research, Inc.
- Hurd, Michael D, 1989. "Mortality Risk and Bequests," Econometrica, Econometric Society, vol. 57(4), pages 779-813, July.
- Zvi Bodie & John B. Shoven & David A. Wise, 1988. "Pensions in the U.S. Economy," NBER Books, National Bureau of Economic Research, Inc, number bodi88-1.
- Benjamin M. Friedman & Mark Warshawsky, 1988. "Annuity Prices and Saving Behavior in the United States," NBER Chapters,in: Pensions in the U.S. Economy, pages 53-84 National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
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