Why Do Couples and Singles Save During Retirement?

While the savings of retired singles tend to fall with age, those couples rise. We estimate a rich model and bequest motives uncertain longevity medical expenses. Our estimates imply that while expenses are an important driver middle-income singles, matter for high-income generate transfers non-spousal heirs whenever household member dies. The interaction is crucial determinant all retirees. Hence, understand savings, it structure, expenses, motives.