printlogo
ETH Zuerich - Homepage
print   

Paper: ETH-RC-14-006

Title: Mortality Decline, Impatience and Aggregate Wealth Accumulation with Risk-Sensitive Preferences

Authors: Antoine Bommier*


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 risk-sensitive preferences. Human impatience is then closely related to mortality rates and aggregate wealth accumulation appears to be much more sensitive to demographic factors than usually found. Illustrations are provided using historical mortality data from different countries.


Keywords: longevity, life-cycle savings, wealth accumulation, risk-sensitive preferences, risk aversion

Manuscript status: Submitted

JEL codes: J1, E21, D91
PACS numbers:



Local copy of the paper: ETH-RC-14-006.pdf


Submission date: 20-5-2014


Wichtiger Hinweis:
Diese Website wird in älteren Versionen von Netscape ohne graphische Elemente dargestellt. Die Funktionalität der Website ist aber trotzdem gewährleistet. Wenn Sie diese Website regelmässig benutzen, empfehlen wir Ihnen, auf Ihrem Computer einen aktuellen Browser zu installieren. Weitere Informationen finden Sie auf
folgender Seite.

Important Note:
The content in this site is accessible to any browser or Internet device, however, some graphics will display correctly only in the newer versions of Netscape. To get the most out of our site we suggest you upgrade to a newer browser.
More information