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Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

  • Motohiro Yogo

    (University of Pennsylvania)

retiree at age 65, and the welfare gain is about 10% of wealth for the healthiest.

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File URL: https://economicdynamics.org/meetpapers/2008/paper_63.pdf
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Paper provided by Society for Economic Dynamics in its series 2008 Meeting Papers with number 63.

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Date of creation: 2008
Handle: RePEc:red:sed008:63
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Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/society.htm
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  38. Cassio M. Turra & Olivia S. Mitchell, 2004. "The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation," Working Papers wp086, University of Michigan, Michigan Retirement Research Center.
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  52. John Ameriks & Andrew Caplin & Steven Laufer & Stijn Van Nieuwerburgh, 2011. "The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives," Journal of Finance, American Finance Association, vol. 66(2), pages 519-561, 04.
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