@techreport{Post2010Stochastic,
abstract = {Theoretical studies suggest that unexpected changes in future mortality and survival probabilities (stochastic mortality) are important determinants of individuals' decisions about consumption, saving, asset allocation, and retirement timing. Using data on subjective survival expectations elicited in the Survey of Health, Ageing and Retirement in Europe (SHARE) and corresponding life table data from the Human Mortality Database (HMD), we find evidence of respondents' awareness of stochastic mortality. We also find that respondents' saving behavior is influenced by stochastic mortality perceptions.},
address = {Berlin},
author = {Thomas Post and Katja Hanewald},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D14; D84; D91; H31; J11; 330; stochastic mortality; subjective survival expectations; forecast dispersion; savings behavior; Sterblichkeit; Stochastischer Prozess; Erwartungstheorie; Sparen; Alte Menschen; Europa},
language = {eng},
number = {2010-040},
publisher = {SFB 649, Economic Risk},
title = {Stochastic mortality, subjective survival expectations, and individual saving behavior},
type = {SFB 649 discussion paper},
url = {http://hdl.handle.net/10419/56756},
year = {2010}
}
