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A simulation approach is used to investigate how various investment strategies affect the ability of retirees to spend at a desired level up until death. Retirees are assumed to maintain all investment and longevity risk, and also have access to a government-sponsored and means tested Age...
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facing future generations of pensioners that threaten their living standards in retirement and which, without policy action …-year project that will produce the highest-quality evidence regarding the future of financial security in retirement. The launch of …
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