@article {6843,
	title = {The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities: Evidence from the Health and Retirement Study},
	journal = {American Economic Review},
	volume = {93},
	year = {2003},
	note = {RDA 1999-006},
	pages = {354-365},
	publisher = {93},
	abstract = {This study examines life insurance holdings
and financial vulnerabilities among couples approaching retirement age. Two separate concerns motivate our analysis. First, there are
reasons to suspect that life insurance coverage
may be poorly correlated with underlying financial vulnerabilities. A well-known insurance industry adage holds that life insurance is {\textquotedblleft}sold
and not bought.{\textquotedblright} Alternatively, households may
purchase long-term policies relatively early in
life, and subsequently fail to adjust coverage
appropriately because of inertia and/or other
psychological considerations. Second, households that purchase little or no life insurance
may leave either or both spouses at risk of
serious financial consequences},
	keywords = {Insurance, Net Worth and Assets},
	doi = {10.1257/000282803321455340},
	author = {Bernheim, B. Douglas and Forni, Lorenzo and Gokhale, Jagadeesh and Laurence J. Kotlikoff}
}
@article {6708,
	title = {How Much Should Americans Be Saving for Retirement?},
	journal = {American Economic Review},
	volume = {90},
	year = {2000},
	pages = {288-92},
	publisher = {90},
	abstract = {Deciding if HRS households are saving too much or too little cannot be determined from the data alone.  However, by applying the ESPlanner to the data, the rate at which American households should be saving as they approach retirement can be determined. Households that are currently saving under the assumption that Social Security benefits will be paid in full are saving far too little.  For all households besides the poorest ones in the sample, median recommended saving rates are fairly high because of the risk of major cuts in Social Security benefits.},
	keywords = {Demographics, Net Worth and Assets, Retirement Planning and Satisfaction},
	doi = {10.1257/aer.90.2.288},
	author = {Bernheim, B. Douglas and Forni, Lorenzo and Gokhale, Jagadeesh and Laurence J. Kotlikoff}
}
