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Autor(en):
Ziegelmeyer, Michael 
Titel:
Nursing home residents make a difference - The overestimation of saving rates at older ages 
Abstract:
While life-cycle theory makes the clear prediction that people dissave at old-age, this prediction is not at all borne out by the data from many countries. Various suggestions have been made to explain this discrepancy. This paper sheds more light on the effect of the exclusion of institutionalized individuals in estimating saving rates over old-age, a conceptual aspect often mentioned but never investigated. Particularly this group is expected to decumulate wealth since nursing home expensesnet...    »
 
Stichworte:
Arbeitspapier/Diskussionspapier 
Jahr:
2011