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
Other Persons:	De Nardi, Mariacristina (contributor) ; Jones, John Bailey (contributor) ; Baker, Oleysa (contributor) ; Doctor, Phil (contributor)
Publisher:	[2006]: [S.l.] : SSRN
Subject:	Ältere Menschen \| Elderly people \| Vermögen \| Wealth \| Kapitalanlage \| Financial investment

Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Perspectives, pp. 2-13, Third Quarter 2006
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012779543