@inbook {11445,
	title = {Expectations, Aging and Cognitive Decline},
	booktitle = {DISCOVERIES IN THE ECONOMICS OF AGING},
	year = {2014},
	publisher = {University of Chicago Press},
	organization = {University of Chicago Press},
	address = {Chicago, IL},
	abstract = {We use longitudinal data from the HRS to document general patterns in expectations with respect to aging in various domains and investigate the potential role of cognitive decline in those patterns. We focus on two aspects of expectations: optimism and uncertainty. We estimate the effect of age controlling for cohort, selection and calendar time effects. With the notable exception of survival expectations, we find that optimism decreases with age in most domains. Uncertainty appears to increase with age in most cases except for survival expectations, but these findings are less robust. Using methods that minimize the likelihood of spurious associations due to survey noise, we show that cognitive decline plays a modest but statistically significant role in explaining the decline of optimism with age, again, with the exception of survival expectations. We do not find a role for cognitive decline in accounting for the increase in uncertainty.},
	keywords = {Aging, Cognitive decline},
	isbn = {0-226-14609-X},
	url = {https://www.nber.org/books-and-chapters/discoveries-economics-aging/expectations-aging-and-cognitive-decline},
	author = {Kezdi, Gabor and Robert J. Willis and David A Wise}
}
@inbook {5192,
	title = {Institutions and Saving for Retirement: Comparing the United States, Italy, and the Netherlands},
	booktitle = {Analyses in the Economics of Aging},
	year = {2005},
	note = {ProCite field 6 : In ProCite field 8 : ed.},
	pages = {281-316},
	publisher = {University of Chicago Press},
	organization = {University of Chicago Press},
	chapter = {9},
	address = {Chicago},
	abstract = {This paper analyzes retirement saving and portfolio choice in the United States, Italy, and the Netherlands. In addition to relying on public retirement provisions, households prepare for retirement through tax-sheltered and after-tax savings. They may invest these funds in a wide variety of assets, including housing, stocks, bonds, savings accounts, and so on.  These asset types differ in their risk, return, and liquidity characteristics as well as in their fiscal treatment.  Economic theory postulates that housholds allocate their portfolios according to their risk aversion, time horizon, uncertain out-of-pocket medical expenditures, income risk, informal (family) risk-sharing arrangements, and more.  While the literature has tested various parts of the theory, both testing and quantification of the theory are hampered by the fact that some of the major variables do not exhibit sufficient variation within a country to establish their relative importance for portfolio choice, or, more generally, for retirement saving and investment.  This paper partially fills that gap by exploring three countries with widely varying institutional arrangements for retirement income.},
	keywords = {Consumption and Savings, Methodology},
	url = {https://www.nber.org/chapters/c10364},
	author = {Arie Kapteyn and Panis, Constantijn},
	editor = {David A Wise}
}
