{"title":"随着寿命的延长，最佳退休和储蓄","authors":"Michael Moore, D. Bloom, D. Canning","doi":"10.2139/ssrn.1857565","DOIUrl":null,"url":null,"abstract":"We develop a simple life cycle optimizing model of retirement and savings. We show that, in theory, higher incomes lead to earlier retirement and higher savings while longer life spans lead to later retirement and lower savings. We calibrate our model using data from the United States and find that the model predicts that over the last century the effect of rising incomes has been twice as large as the effect of the secular rise in life expectancy.","PeriodicalId":381400,"journal":{"name":"Warwick Business School Finance Group Research Paper Series","volume":"22 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":"{\"title\":\"Optimal Retirement and Saving with Increasing Longevity\",\"authors\":\"Michael Moore, D. Bloom, D. Canning\",\"doi\":\"10.2139/ssrn.1857565\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We develop a simple life cycle optimizing model of retirement and savings. We show that, in theory, higher incomes lead to earlier retirement and higher savings while longer life spans lead to later retirement and lower savings. We calibrate our model using data from the United States and find that the model predicts that over the last century the effect of rising incomes has been twice as large as the effect of the secular rise in life expectancy.\",\"PeriodicalId\":381400,\"journal\":{\"name\":\"Warwick Business School Finance Group Research Paper Series\",\"volume\":\"22 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-03-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"5\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Warwick Business School Finance Group Research Paper Series\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.1857565\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Warwick Business School Finance Group Research Paper Series","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1857565","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Optimal Retirement and Saving with Increasing Longevity
We develop a simple life cycle optimizing model of retirement and savings. We show that, in theory, higher incomes lead to earlier retirement and higher savings while longer life spans lead to later retirement and lower savings. We calibrate our model using data from the United States and find that the model predicts that over the last century the effect of rising incomes has been twice as large as the effect of the secular rise in life expectancy.
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