often claimed that individuals with a higher level of financial literacy display a higher propensity to plan for retirement …. In their planning process, individuals seek to achieve an optimal wealth level before their retirement by modulating … their average saving rate and, as a last step, by choosing their retirement age. In this paper, we test whether UK …

contribute to retirement savings, (b) invested less when they did contribute, and (c) favored investment in short …(term convenience accounts over retirement savings. Results imply that housing tenure may result from underlying time preference …How do renters approaching retirement respond to their absence of housing equity? Traditional life cycle accumulation …

. Using data from the Health and Retirement Study and the Medical Expenditure Panel Survey, we estimate a dynamic programming … model of retirement that accounts for both saving and uncertain medical expenses. Importantly, we model the two key channels …

future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement … age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …