Farhi, Emmanuel (contributor); Panageas, Stauros (contributor) - 2004 - rev
Wharton
First Version: March, 2003
This Version: October, 2004
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Abstract
We study optimal consumption and portfolio choice in … retirement time, portfolio choice, and consumption. Investing for early retirement
tends to increase savings and stock market … 1990’s.
JEL Codes: G0, E2
Keywords: Retirement, Life Cycle Portfolio Choice, Savings, Marginal Propensity to Con-
sume …