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dc.contributor.authorBernard, Philippe*
dc.contributor.authorEl Mekkaoui de Freitas, Najat*
dc.contributor.authorLavigne, Anne*
dc.contributor.authorMahieu, Ronan*
dc.date.accessioned2010-02-19T11:05:31Z
dc.date.available2010-02-19T11:05:31Z
dc.date.issued2003
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/3513
dc.language.isoenen
dc.subjectsaving
dc.subjectLife-expectancy
dc.subject.ddc332en
dc.subject.classificationjelD91en
dc.subject.classificationjelG22en
dc.subject.classificationjelG11en
dc.titleIncrease in Life-Expectancy and Saving Behaviour
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherCAF de Paris;France
dc.contributor.editoruniversityotherUniversité d'Orléans;France
dc.description.abstractenThe age structure of the French population has been experiencing dramatic changes over the past decades and is likely to do so in a near future. The increasing proportion of the elder people may modify the savings behaviour of households. The level of savings, as well as its composition, may be altered by the ageing of the French population. This paper investigates the relationship between an increasing life expectancy and saving behaviour. We set up a life- cycle model in which the increase in life-expectancy is modelled as an increase in the probability of death at older ages. We introduce uncertainty as a consumption shock to stylise the fact that individuals may face an (uncertain) increase in expenditure for long term care (such as Alzheimer disease). We then show that, contrary to the standard life-cycle message, an increase in individual life-expectancy does not imply a decrease in saving or a more risk averse behaviour.
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitleXXème Journées Internationales d'Economie Monétaire et Bancaire (GDR) - 20 th symposium on banking and monetary economics
dc.relation.confcityBirmingham
dc.relation.confcountryUNITED KINGDOM
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.date.updated2017-02-22T15:12:19Z
hal.person.labIds559342*
hal.person.labIds559342*
hal.person.labIds1724*
hal.person.labIds*


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