Why Do the Elderly Save? The Role of Medical Expenses

By Mariacristina De Nardi, Eric French, John Bailey Jones. Journal of Political Economy, 2009

943 citations recorded by the source corpus.

Subfields: Accounting, Demography, General Health Professions

View Paper: https://www.semanticscholar.org/paper/59433910df5cf6840de6a6345350605901bfd833

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Citations in the corpus

Retirement Security in an Aging Population (2014, background): “De Nardi, French, and Jones (2010) model the stochastic properties of late-life medical expenditures and analyze optimal saving behavior in the presence of such expenses.”
Wealth Distribution and Social Mobility in the US: A Quantitative Approach (2015, background): “In the first case μ = σ, the intergenerational wealth dynamics is governed by a linear stochastic difference equation in wealth, which has been closely studied in the math literature (see de Saporta, Benôıte (2005)).”
Measuring the Sensitivity of Parameter Estimates to Sample Statistics (2014, background): “This pattern matches closely the intuition in De Nardi et al. (2010): The coefficient of relative risk aversion is identified by differences in saving rates across the income distribution, in combination with the consumption floor.”
What will my account really be worth? Experimental evidence on how retirement income projections affect saving (2014, background): “Economists debate the extent to which Americans save too little, too much, or just the right amount for retirement (Scholz et al. 2006; Ameriks et al. 2007; De Nardi et al. 2010; Lusardi and Mitchell 2011).”
The chinese saving rate: Long-term care risks, family insurance, and demographics (2018, neutral): “6 per couple.(18) In our benchmark calibration, we use the conservative value, 1.”
Yours, Mine, and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples? (2015, neutral): “In the data, such probability is equal to 30% for cohort married in the 1950s, 40% for cohorts married in the 1960s and about 50% for those married in the 1970s (Stevenson and Wolfers, 2007).(23)”