The Taste for Bequests and Well-being of Widows: A Model of Life Insurance Demand by Married Couples
发现丈夫有保险的老年寡妇平均消费水平高于丈夫在世时，而年轻寡妇相对更差；通过模型估计已婚夫妇对遗赠的偏好，使用威斯康星州遗产和所得税数据。
For married couples with some insurance on the husbands, the annuitized consumptions of widows of older husbands is found to be higher, on average, than if their husbands had lived. Given the age of the husband, younger widows are relatively worse-off. In the context of life insurance demand, this paper models the decision about how well-off to leave a surviving spouse relative to her situation had both spouses lived. The parameters of the model are estimated from estate and income tax data for a Wisconsin sample of married couples where the husband predeceased the wife. Copyright 1989 by MIT Press.