Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities
نویسندگان
چکیده
منابع مشابه
Retirement and wealth.
The decision to retire is related to the decision to save and to a number of other decisions, including decisions of when to claim Social Security benefits and what share of assets to hold as pensions, Social Security, and in other forms. This article explores the relationships among these various decisions and then explains why it is important to take them into account when attempting to under...
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Longer lifespans are generally seen as a positive outcome of economic growth. Yet life extension also means that more people face the risk of living too long -that is, outliving their assets and means of support. A range of financial products exists currently or can be envisioned for the future that would be useful in helping to protect people against having to dramatically curtail consumption ...
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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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It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families, and that children raised in owned housing are likely to be more successful well-adjusted members of society. This paper employs the Panel Study of Income Dynamics and a dynamic estimating technique to examine the effect of...
متن کاملWealth Inequality and Accumulation.
Research on wealth inequality and accumulation and the data upon which it relies have expanded substantially in the twenty-first century. While the field has experienced rapid growth, conceptual and methodological challenges remain. We begin by discussing two major unresolved methodological concerns facing wealth research: how to address challenges to causal inference posed by wealth's cumulati...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1997
ISSN: 1556-5068
DOI: 10.2139/ssrn.39968