NBER Bulletin on Aging and Health by email. This paper examines how labor income volatility and social security benefits … account liquid financial wealth and annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old …-age benefits boost demand for stable income in retirement, but also when young. In addition, a declining equity glide path with age …

-varying investment opportunities and countercyclical risky labor income dynamics. We show that households near retirement will reduce …

This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …

This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …

This paper examines how labor income volatility and social security benefits influence life-cycle household portfolios … stocks versus bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable income in retirement …, but also when young. In addition, a declining equity glide path with age is appropriate for the worker with low income …

transactions tax, along with mechanisms to make annuity income flows nontaxable, along with interest rate accruals for RMs. In …