Long-Term-Care Utility and Late-in-Life Saving
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Older wealthholders spend down assets much more slowly than predicted by classic life-cycle models. This paper introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care (LTC), and ordinary consumption combine with health and
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美国国家经济研究局创建时间：
2015-03-01
