How to Spend and Invest Retirement Savings
نویسندگان
چکیده
منابع مشابه
How to Spend and Invest Retirement Savings
The question of post-retirement optimal consumption and investment of retirement savings is addressed. This problem has received considerably less attention than that of how to invest for retirement. With the increase in life span and an increase in private pension funds, a retiree has considerable flexibility in both how to consume and how to continue to invest their retirement funds. Our inte...
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Governments around the world spend hundreds of billions of dollars subsidizing retirement savings through various tax preferences. This paper reviews the economics literature on retirement savings, with a particular focus on recent advances using behavioral economics and high-quality administrative data. This literature suggests that tax subsidies may not be an effective policy to increase reti...
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Retired U.S. households, especially those with high income, decumulate their assets more slowly than implied by the basic life cycle model. The observed patterns of outof-pocket medical expenses, which rise quickly with age and income during retirement, and longevity, which also rises with income, can explain a significant portion of U.S. retirement saving. However, more work is needed to disen...
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ژورنال
عنوان ژورنال: Annals of Operations Research
سال: 2003
ISSN: 0254-5330
DOI: 10.1023/b:anor.0000004770.40172.16