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Bommier, Antoine
(2009)
Mortality Decline and Aggregate Wealth Accumulation.
TSE Working Paper, n. 09-050, Toulouse
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Official URL : http://tse-fr.eu/pub/22173
Abstract
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 |
| Subjects: | B- ECONOMIE ET FINANCE |
| 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 |
| OAI Identifier: | oai:tse-fr.eu:22173 |
| URI: | https://publications.ut-capitole.fr/id/eprint/15014 |
