We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive …

based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement …. The reduction cannot be explained by the simple one-good life-cycle model, so it has been referred to as the retirement …-consumption puzzle. An interpretation is that at retirement individuals discover they have fewer economic resources than they had …

We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive …

based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement …. The reduction cannot be explained by the simple one-good life-cycle model, so it has been referred to as the retirement …-consumption puzzle. An interpretation is that at retirement individuals discover they have fewer economic resources than they had …

Post retirement, annuities provide a steady stream of income for retirees. However, the annuitization rate is … status in retirement reduces annuitization due to adverse selection. Recent innovation introduces an enhanced annuity plan …

We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive …