Strategic Surveys and the Bequest Motive
نویسندگان
چکیده
Strong bequest motives can explain slow asset run-down in retirement. Yet strong precautionary motives provide an equally compelling explanation, and it is hard to tease these two motives apart empirically. We develop a series of “strategic” survey questions that allow for bequest and precautionary motives to be separately identified. Our questions are developed in the context of a model that stresses long term care costs and aversion to Medicaid as the chief drivers of precautionary savings.
منابع مشابه
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