We examine the implications of persistent low real interest rates and wage growth rates on individuals nearing … retirement. We begin by reviewing the concept of r star - the long-term real, safe interest rate that is neither expansionary nor … returns and low wage growth for individuals currently aged 45 and 55. We find that low returns and low wage growth have …

growth for individuals nearing retirement. Low returns and low wage growth are found to affect welfare substantially, often …-wide wage growth undercuts the effects of wage indexation as average wages fall along with individual wages. Low returns raise …Using a life-cycle model, the authors examine the implications of persistent low real interest rates and low wage …

We examine the implications of persistent low real interest rates and wage growth rates on individuals nearing … retirement. We begin by reviewing the concept of r star – the long-term real, safe interest rate that is neither expansionary nor … returns and low wage growth for individuals currently aged 45 and 55. We find that low returns and low wage growth have …