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Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

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  • Motohiro Yogo

    (University of Pennsylvania)

Abstract

retiree at age 65, and the welfare gain is about 10% of wealth for the healthiest.

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  • Motohiro Yogo, 2008. "Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets," 2008 Meeting Papers 63, Society for Economic Dynamics.
    • Handle: RePEc:red:sed008:63
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    More about this item

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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