Cohort and target age effects on subjective survival probabilities: implications for models of the retirement phase

DOI10.1016/j.jedc.2015.03.003zbMath1401.91201OpenAlexW2124673854MaRDI QIDQ1657551

Susan Thorp, Shang Wu, Ralph Stevens

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2015.03.003

zbMATH Keywords

rational expectationslife cycle modelsubjective life expectancyunobservable heterogeneity

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05)

Related Items (2)

Optimal retirement products under subjective mortality beliefs ⋮ A life-cycle model with ambiguous survival beliefs

Cites Work

• Annuitization and asset allocation
• Optimal timing for annuitization, based on jump diffusion fund and stochastic mortality
• A parsimonious model of subjective life expectancy
• The relationship between individual expectations and behaviors: Mortality expectations and smoking decisions
• Subjective mortality risk and bequests
• Prospect Theory: An Analysis of Decision under Risk

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