"The Importance of Bequest and Life-Cycle Saving in Capital Accumulation: A New Answer"
American Economic Review,
Volume: 92 | Issue: 2 | Pages: 274-78
Publication type: Journal article
Research Archive Topic: Business Economics and Public Policy
In this paper we argue that allowing for uncertainty resolves the controversy over the importance of life-cycle and bequest saving by showing that these motives for saving are overlapping and cannot generally be distinguished.
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