Survival Misperceptions, Time Inconsistency, and Implications for Life-cycle Saving and Welfare
Some empirical studies firmly reveal that people tend to form overly pessimistic survival expectations for relatively less distant ages and overly optimistic survival expectations for relatively more distant ages. We incorporate this observation into a life-cycle continuous time overlapping-generati...
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| Format: | article |
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2013
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| Online Access: | http://hdl.handle.net/11073/8573 |
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