Abstract

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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Citation

Dynan, Karen, Jonathan Skinner, and Stephen Zeldes. "The Importance of Bequest and Life-Cycle Saving in Capital Accumulation: A New Answer." American Economic Review 92, no. 2 (May 2002): 274-78.

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