Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …

The most common metric for assessing the adequacy of economic preparation for retirement is the income replacement rate …, the ratio of income after retirement to income before retirement. However both economic theory and common sense say that …, which is the measure we use. We define and estimate measures of economic preparation for retirement based on a complete …

Health and Retirement Study. Yet, among retirees such withdrawals can supplement regular retirement income to finance …

.S. households apparently reduce consumption at retirement and the reduction cannot be explained by the life-cycle model. An … where consumers are forward looking. However, data on anticipated consumption changes at retirement and on realized … consumption changes following retirement show that the reductions are fully anticipated. Apparently the decline is due to the …

Most assessments of the adequacy of retirement resources are expressed as a comparison of preretirement income to … immediate post-retirement income. Yet, among couples a substantial fraction of retirement years is eventually spent by the … Activities Mail Survey and apply these to assessments of adequacy of retirement resources …

.S. households apparently reduce consumption at retirement and the reduction cannot be explained by the life-cycle model. An … where consumers are forward looking. However, data on anticipated consumption changes at retirement and on realized … consumption changes following retirement show that the reductions are fully anticipated. Apparently, the decline is due to the …