Right before the end: asset decumulation at the end of life

Using data from the Asset and Health Dynamics of the Oldest Old survey, the authors find that the assets of people who die decline much faster than the assets of people who survive, even after controlling for age, sex, and initial asset levels. Out-of-pocket medical expenses right before death can deplete the assets of many elderly households and constitute an important reason to keep assets in old age.

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Year of publication:	2006
Authors:	French, Eric ; Nardi, Mariacristina De ; Jones, John Bailey ; Baker, Olesya ; Doctor, Phil
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2006, Q III, v. 30, no. 3, p. 2-13
Publisher:	Federal Reserve Bank of Chicago
Subject:	Wealth \| Households - Economic aspects

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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