We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a … to a 2-month delay in age at death (censored at 75). Survey evidence suggests that additional pension income improves …

We study the optimal consumption and investment choice for long-horizon investors with nontradable labor income and … conservative investors should hold a higher bond/stock ratio may lack theoretical justification when labor income is considered …. The allocation to stock inherits the inverted U-shaped pattern of labor income growth with respect to expected time until …