Retirement savings adequacy estimates are often based on the assumption that individuals spend the same amount every year in retirement, and that the withdrawal rate to fund spending is based on spending down a percentage of retirement savings. We simulate safe consumption rates and compare the...

Government transfers to older persons in Canada are one of the largest and fastest growing" components of the government budget. I provide an overview of the interaction between these" transfer programs and retirement behavior. I begin by documenting historical trends in labor force"...