We present models of asset management by the elderly. We focus on saving, spend-down of assets, and gift-giving, and the influence of health on these precesses. We also study the evolution of elderly health and the impact of economic variables on health outcomes. We present results from...

In this paper we present a model of elderly asset management and results based on simulation analysis of the model. In our model elderly decide both how much to consume out of current income and wealth each period and the allocation of their remaining income and wealth between a risky asset and...

We present models of asset management by the elderly. We focus on saving, spend-down of assets, and gift-giving, and the influence of health on these precesses. We also study the evolution of elderly health and the impact of economic variables on health outcomes. We present results from...