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Experimental Research on Retirement Decision-Making : Evidence from Reproductions
Bachmann, Kremena; Lot, Andre; Xu, Xiaogeng; Hens, Thorsten - 2022
We adapt the design of five experimental studies on retirement decision-making and conduct reproductions with a larger … subjects collect retirement benefits as lump-sum instead of annuities, they choose to retire later. The duration of retirement … with tax rebates. When faced with stochastic survival risk, subjects make partial adjustments to spending paths. We also …
Persistent link: https://www.econbiz.de/10013491806
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Experimental research on retirement decision-making : evidence from replications
Bachmann, Kremena; Lot, Andre; Xu, Xiaogeng; Hens, Thorsten - In: Journal of banking & finance 152 (2023), pp. 1-31
Persistent link: https://www.econbiz.de/10014463255
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Complexity and asset legitimacy in retirement investment
Tse, Alan; Friesen, Lana; Kalaycı, Kenan - In: Journal of behavioral and experimental economics 60 (2016), pp. 35-48
Persistent link: https://www.econbiz.de/10011640141
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Does information about the pension system affect knowledge and retirement plans? : evidence from a survey experiment
Finseraas, Henning; Jakobsson, Niklas - In: Journal of pension economics and finance 13 (2014) 3, pp. 250-271
Persistent link: https://www.econbiz.de/10010509264
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The Impact of Risk and Ambiguity Aversion on Annuity and Saving Choices
André, Eric; Bommier, Antoine; Le Grand, Francois - 2021
We analyze the impact of risk and ambiguity aversion using a lifecycle recursive utility model. Both risk and ambiguity … in which we can vary both risk and ambiguity aversion, while preserving preference monotonicity …
Persistent link: https://www.econbiz.de/10013241836
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Framing and the Annuitization Decision : Experimental Evidence from a Dutch Pension Fund
Bockweg, Christian - 2016
We report the effects of framing and default settings in annuity demand after conducting a survey-based experiment with over 3,000 members of a Dutch occupational pension plan. The participants were asked to allocate their real projected pension accrual between a life annuity and a partial lump...
Persistent link: https://www.econbiz.de/10012997517
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Five steps to planning success : experimental evidence from US households
Heinberg, Aileen; Hung, Angela; Kapteyn, Arie; Lusardi, … - In: Oxford review of economic policy 30 (2014) 4, pp. 697-724
Persistent link: https://www.econbiz.de/10011283981
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Robust Portfolio Selection Involving Options Under a 'Marginal Joint' Ellipsoidal Uncertainty Set
Ling, Aifan - 2012
In typical robust portfolio selection problems, one mainly finds portfolios with the worst-case return under a given uncertainty set, in which asset returns can be realized. A too large uncertainty set will lead to a too conservative robust portfolio. However, if the given uncertainty set is not...
Persistent link: https://www.econbiz.de/10013108866
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On an irreversible investment problem with two-factor uncertainty
Dammann, Felix; Ferrari, Giorgio - 2021
We consider a real options model for the optimal irreversible investment problem of a profit maximizing company. The company has the opportunity to invest into a production plant capable of producing two products, of which the prices follow two independent geometric Brownian motions. After...
Persistent link: https://www.econbiz.de/10012488060
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Intertemporal Preference with Loss Aversion : Consumption and Risk Attitude
Choi, Kyoung Jin - 2020
We study the consumption and portfolio selection problem of an agent who faces consumption irreversibility: there is disutility from changing consumption levels. The derived preference exhibits intertemporal loss aversion toward consumption changes with the previous consumption level being the...
Persistent link: https://www.econbiz.de/10012847313