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Mortality Decline and Aggregate Wealth Accumulation

Bommier, Antoine (2009) Mortality Decline and Aggregate Wealth Accumulation. TSE Working Paper, n. 09-050, Toulouse

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The paper discusses the impact of longevity extension on aggregate
wealth accumulation, accounting for changes in individual behaviors as well as changes in population age structure. It departs from the standard literature by adopting a formulation of individual preferences that accounts for temporal risk aversion. Human impatience is then closely related to mortality rates and aggregate wealth accumulation appears to be much more sensitive to demographic factors than with the traditional approach. Illustrations are provided using historical mortality data from different countries.

Item Type: Monograph (Working Paper)
Language: English
Date: 16 June 2009
Place of Publication: Toulouse
Uncontrolled Keywords: longevity, life cycle savings, wealth accumulation
JEL Classification: D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
E21 - Macroeconomics - Consumption; Saving; Aggregate Physical and Financial Consumer Wealth
J1 - Demographic Economics
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 09 Jul 2014 17:07
Last Modified: 02 Apr 2021 15:47
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