Consumption Over the Life Cycle: The Role of Annuities
收藏NBER2006-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12341
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资源简介：
We explore the quantitative implications of uncertainty about the length of life and a lack of annuity markets for life cycle consumption in a general equilibrium overlapping generations model in which markets are otherwise complete. Empirical studies find that consumption tends to rise early in
提供机构：
美国国家经济研究局
创建时间：
2006-06-01
