返回Google圖書搜尋

Dissaving After Retirement

其他書名	Testing the Pure Life Cycle Hypothesis
出版	National Bureau of Economic Research, 1984
URL	http://books.google.com.hk/books?id=Mi5ZAAAAYAAJ&hl=&source=gbs_api

註釋In this paper, we examine several aspects of saving and dissaving after retirement. First, we argue that existing evidence on bequeathable age-wealth profiles is suspect, and provide new evidence based on longitudinal data indicating that significant dissaving may occur, particularly among single individuals and early retirees. Second, we argue that, in the presence of annuities, estimates of dissaving should be adjusted by including the simple discounted value of benefits in total wealth. Such adjustments reveal relatively little dissaving among any group of retirees. Finally, we test the pure life cycle hypothesis by observing the behavioral response of rates of accumulation to involuntary annuitization, and find empirical refutation of life cycle implications.