This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and … emphasized in recent studies. We also find that an individual with high leisure demand after retirement reduces consumption … during retirement and increases stockholdings as retirement time approaches …

benefit (DB), pension equity (PE), cash balance (CB), and defined contribution (DC) retirement plans. Plan provisions of …

retirement and the associated risks in running out of funds in the retirement savings pool. The first is a bootstrap simulation … thirty year retirement horizon for some commonly recommended periodic withdrawal rates …

retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of limited …-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …

-date retirement funds. I also show that sufficiently disappointment averse agents abstain from stocks after retirement, which is …

disappointing outcomes. Unlike expected utility investors, DA investors drastically cut their allocation to stocks around retirement … and the allocation rules of target-date retirement funds. Sufficiently disappointment-averse agents abstain from investing … in stocks after retirement, which is consistent with the observed low rates of stock market participation among retirees …