| Title | The Microeconomic Effect of Longevity on Savings: Evidence from the Health and Retirement Study |
| Publication Type | Thesis |
| Year of Publication | 2005 |
| Authors | Reed, E |
| University | Department of Economics, Harvard College |
| Call Number | wp_2005/Reed_Thesis.doc |
| Keywords | Consumption and Savings, Health Conditions and Status |
| Abstract | This paper seeks to address the microeconomic link between health, particularly longevity, and savings rates. Using the expansive Health and Retirement Study, a microeconomic model for savings is generated. Both ordinary least squares and two stage least squares regressions, with height as an instrument for life expectancy estimates found in the survey, show a tentative positive link between longevity and savings. In the grander scheme, these results underscore the returns to an economy from investment in health care, decreased morbidity and increased longevity. |
| Endnote Keywords | Longevity/Savings |
| Endnote ID | 15100 |
| Citation Key | 5626 |
