Uncertain health and survival, effects on the savings of retired couples

Uncertain health and survival, effects on the savings of retired couples

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The analysis of this paper focuses on the impact of health and survival uncertainty on the saving and consumption decisions of retirees. The decision unit which the authors investigate is a husband-wife household which pools the resources of its surviving members. If one spouse dies, his partner gets the remaining assets; and if both die, the remaining assets are left as bequests.