van der Heijden, Eline; Meijdam, Lex; Koç, E.; … - Tilburg University, Center for Economic Research - 2015
Pensioners have increasingly more control over their income streams as a result of<br/>pension reforms, which gives them more freedom to save for their old age. We devise an experiment where subjects face a life-cycle optimization task with lifetime uncertainty and a given lifetime income. The aims...