Nursing home residents make a difference—The overestimation of saving rates at older ages

Economics Letters, 2012, vol. 117, issue 3, 569-572

Abstract: Based on the HRS, I find strong dissaving of nursing home residents and a significant overestimation of U.S. saving rates from age 75 onwards if nursing home residents are excluded as in most micro datasets.

Keywords: Saving rate; Saving puzzle; Life-cycle model; Nursing home population; Wealth (search for similar items in EconPapers)
JEL-codes: D12 D91 E21 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:569-572

DOI: 10.1016/j.econlet.2012.07.037

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