Comments on: ‘‘Hong and Rı́os-Rull’s ‘Social security, life insurance and annuities for families’’’
نویسنده
چکیده
When formulating life-cycle models in economics, the economic profession has focused on restrictions on theory from empirical data on consumption, wealth, and leisure. This has yielded substantial progress. However, central aspects of these models must still be regarded as controversial. Two such open questions are how to model families and how to model and measure within-family altruism. The bearing idea of Hong and Rı́os-Rull’s research agenda has been to exploit the restrictions imposed on theory by a new class of empirical data: the purchase of life insurance and annuities. The point is that the purchase of life insurance and annuities contains valuable information about intra-household decisions and preferences. This paper asks two questions:
منابع مشابه
Social Security, Life Insurance and Annuities for Families
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