This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …

The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found … relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the …-section data for Germany, this paper analyzes the retirement consumption puzzle for the German case. For our broadest consumption …

The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found … relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the … for Germany, this paper analyzes the retirement consumption puzzle for the German case. For our broadest consumption …

The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found … relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the …-section data for Germany, this paper analyzes the retirement consumption puzzle for the German case. For our broadest consumption …

households are more dependent on saving and child support after retirement, while urban and literate households are more likely … financial literacy on Chinese households' retirement planning and the demand for commercial insurances, especially among the … could help Chinese households be more prepared for retirement. The households with higher objective financial literacy score …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …

may borrow far less and start saving for retirement significantly earlier than exponential discounters. … why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We …