Christensen, Bent Jesper; Kallestrup-Lamb, Malene; … - National Bureau of Economic Research - 2022
The paper analyzes consumption decisions of retired workers, using Danish register data. A major puzzle, which … would expect that wealth accumulated before retirement would be used to augment consumption in later life, with the … wealth paths using a model that emphasizes fluctuations in the marginal utility of consumption. The results show that a …