Retirees confront the difficult problem of how to manage their money in retirement so as to not outlive their funds while continuing to invest in capital markets. We posit a dynamic utility maximizer who makes both asset location and allocation decisions when managing her retirement financial...

As the level of retirement-related assets has grown, so too has public and private interest in so-called Socially Responsible Investment (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study...