This paper explores the relationship between the Wealth Transfer Index (WTI), a statistic defined by Brown and Bilodeau (1999), and retirement age, which is the age at which the workers in an economy cease to be economically productive. Appropriately expressed as ratio of consumption demand to...

How DO, COULD, and SHOULD retirees draw down their financial savings? This paper reviews over one hundred papers on this topic from the perspective of individuals, families, governments and financial institutions. Three significant conceptual/methodological weaknesses in the existing literature...