Optimal Consumption, Investment and Housing with Means-Tested Public Pension in Retirement
نویسندگان
چکیده
منابع مشابه
Trade-Offs in Means Tested Pension Design
Inclusion of means testing into pension programs allows governments to better direct benefits to those most in need and to control funding costs by providing flexibility to control the condition for receiving pension benefits (extensive margin) and the benefit level (intensive margin). We investigate how the presence of the extensive margin influences the trade-off between the desirability of p...
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We investigate the impact of means tested public income transfers on post-retirement decumulation and portfolio choice using theoretical simulations and panel data on Australian Age Pensioners. Means tested public pension payments in Australia have broad coverage and give insight into the incentive responsiveness of well-o¤, as well as poorer households. Via numerical solutions to a discrete ti...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2800907