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2017-09-22 (David Sturrock)_1506098222.pptx
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Using data from ELSA, we document a pattern whereby individuals report a lower probability of survival to the ages of 75, 80 and 85 than is given by official life table estimates. We use this information to construct "subjective survival curves" at the individual level. We demonstrate that "survival pessimism" is a potential explanation for the "annuities puzzle" and also explore implications for other economic behaviour including deferal of the state pension and decumulation of wealth in retirement.
Authors
Gemma Tetlow
Research Associate Yale University
Cormac is a Research Associate of the IFS, an Assistant Professor of Economics at the Yale University and Research Fellow at the NBER.
Senior Research Economist
David’s research covers household wealth, intergenerational transfers, social mobility, pensions taxation, and health and work at older ages.
Presentation details
- Publisher
- IFS
Suggested citation
C, O'Dea and D, Sturrock and G, Tetlow. (2017). 'Individual mortality expectations' [Presentation]. London: IFS. Available at: https://ifs.org.uk/publications/individual-mortality-expectations (accessed: 20 April 2024).
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