Sentences with phrase «bequest motive»

We find that annuity market participation increases with financial wealth, life expectancy, and education and decreases with other pension income and a possible bequest motive for surviving spouses.

Studies have also found little evidence that bequest motives are strong enough to explain low rates of spending in retirement (De Nardi et al. 2009b; Hurd 1987; Hurd 2003).

The ideal consumption smoothing case, assuming no bequest motives, is to save just enough during your working years to be able to spend your retirement savings to fund about same lifestyle in your retirement years, and to die broke.