| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059662 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠Nursing home residents are almost never included in micro data. ⺠I quantify the strong wealth decumulation of nursing home residents. ⺠Excluding them results in a significant overestimation of saving rates from age 75. ⺠The inclusion of nursing home residents makes life-cycle theory more plausible.
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Economics and Econometrics
Authors
Michael Ziegelmeyer,