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| 02596nam 2200421zi 4500 |
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| 001 | 9.942550 |
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| 003 | CaOODSP |
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| 005 | 20240828144942 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 240828t20242024onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |ae-no--- |
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| 086 | 1 |aFB3-5/2024-21E-PDF |
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| 100 | 1 |aFella, Giulio, |eauthor. |
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| 245 | 10|aSaving after retirement and preferences for residual wealth / |cby Giulio Fella, Martin B. Holm, and Thomas M. Pugh. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
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| 264 | 4|c©2024 |
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| 300 | |a1 online resource (ii, 49 pages) : |billustrations (some colour). |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-21 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: June 11, 2024." |
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| 504 | |aIncludes bibliographical references (pages 32-35). |
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| 520 | 3 |a"We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth (bequest motive), in line with the estimates by Lockwood (2018). The bequest motive accounts for approximately three-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and without offspring. We interpret this as suggestive evidence that the utility of residual wealth represents forces beyond an altruistic bequest motive"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aRetirees|zNorway|xFinance, Personal|xEconometric models. |
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| 650 | 0|aWealth|zNorway|xEconometric models. |
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| 650 | 0|aSaving and investment|zNorway|xEconometric models. |
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| 650 | 6|aRetraités|zNorvège|xFinances personnelles|xModèles économétriques. |
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| 650 | 6|aRichesse|zNorvège|xModèles économétriques. |
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| 650 | 6|aÉpargne|zNorvège|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2024-21.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s792 KB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-21-eng.pdf |
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