Hubener, Andreas; Maurer, Raimond; Mitchell, Olivia S. - 2014
according to the age at which these are claimed, open up a complex set of financial options for household decisions. These rules … influence optimal household asset allocation, insurance, and work decisions, subject to life cycle demographic shocks, such as … marriage, divorce, and children. Our model-based research generates a wealth profile and a low and stable equity fraction …