This paper provides an in-depth investigation of Epstein-Zin preferences under an uncertain lifetime. These models have been gaining popularity as normative preference models in life-cycle applications. Though extensively used, it is unclear if the preference models are well-understood by the...

The Wilkie economic scenario generator has had a significant influence on economic scenario generators (ESGs) since the first formal publication in Wilkie (1986). In this paper we update the model parameters using U.S.data to 2014, and review the model performance. In particular, we consider...