Subjective mortality hazard shocks and the adjustment of consumption expenditures
نویسندگان
چکیده
منابع مشابه
Subjective mortality hazard shocks and the adjustment of consumption expenditures JOB MARKET PAPER
This paper analyzes the adjustment of consumption expenditures if the subjective mortality hazard increases after a shock. The life-cycle model with mortality risk implies an upward adjustment of consumption expenditures as a response to such a shock. I use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to test this implication. In each survey wave, the mortality hazard...
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ژورنال
عنوان ژورنال: Journal of Population Economics
سال: 2012
ISSN: 0933-1433,1432-1475
DOI: 10.1007/s00148-012-0461-5