scholarly journals When Saving Is Not Enough – The Wealth Decumulation Decision in Retirement

2019 ◽  
Author(s):  
Pascal Kieren ◽  
Martin Weber
Keyword(s):  
Wealth Decumulation

Opportunities for Improving Pension Wealth Decumulation in the Netherlands

2011 ◽  
Author(s):  
Jeffrey R. Brown ◽  
Theo E. Nijman
Keyword(s):  
The Netherlands ◽  
Wealth Decumulation ◽  
Pension Wealth

scholarly journals When Saving is Not Enough - The Wealth Decumulation Decision in Retirement

2019 ◽  
Author(s):  
Pascal Kieren ◽  
Martin Weber
Keyword(s):  
Wealth Decumulation

scholarly journals Opportunities for improving pension wealth decumulation in the Netherlands

2012 ◽  
pp. 330-370 ◽  
Author(s):  
Jeffrey R. Brown ◽  
Theo Nijman
Keyword(s):  
The Netherlands ◽  
Wealth Decumulation ◽  
Pension Wealth

The Impact of Medical and Nursing Home Expenses on Savings

2014 ◽  
Vol 6 (3) ◽  
pp. 29-72 ◽  
Author(s):  
Karen A. Kopecky ◽  
Tatyana Koreshkova
Keyword(s):  
Nursing Home ◽  
Social Insurance ◽  
The United States ◽  
Idiosyncratic Risk ◽  
Cycle Model ◽  
Cross Sectional ◽  
Aggregate Wealth ◽  
Out Of Pocket Expenses ◽  
The Impact ◽  
Wealth Decumulation

We consider a life-cycle model with idiosyncratic risk in earnings, out-of-pocket medical and nursing home expenses, and survival. Partial insurance is available through welfare, Medicaid, and social security. Calibrating the model to the United States we show that savings for old-age, out-of-pocket expenses account for 13.5 percent of aggregate wealth, half of which is due to nursing home expenses; cross-sectional out-of-pocket nursing home risk accounts for 3 percent of aggregate wealth and substantially slows down wealth decumulation at older ages; and all newborns would benefit if social insurance for nursing home stays was made more generous. (JEL D91, E21, E62, H51, I13, I18, I38, J14)

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