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.
Full Citation
.
“The Importance of Bequest and Life-Cycle Saving in Capital Accumulation: A New Answer.”
American Economic Review
vol.
92
,
(May 01, 2002):
274
-78
.