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Life-Cycle Portfolio Choice with Stock Market Loss Framing : Explaining the Empirical Evidence
Ebner, Arwed; Horneff, Vanya; Maurer, Raimond - 2022
using U.S. data shows that the model tracks the empirical age-pattern of stock market participants’ financial wealth, stock … explanatory power and accounts for the observed discrepancy in wealth accumulation between stockholders and non-stockholders …
Persistent link: https://www.econbiz.de/10013306171
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Fixed and Variable Longevity Annuities in Defined Contribution Plans : Optimal Retirement Portfolios Taking Social Security into Account
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023
This paper investigates retirees’ optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...
Persistent link: https://www.econbiz.de/10014255003