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Incidental Bequests and the Choice to Self-Insure Late-Life Risks

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NBER2014-12-01 更新2025-01-04 收录
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Despite facing significant uncertainty about their lifespans and health care costs, most retirees do not buy annuities or long-term care insurance. In this paper, I find that retirees' saving and insurance choices are highly inconsistent with standard life cycle models in which people care only

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2014-12-01
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