uncertainty but for the high income risk worker, equity exposure rises until retirement. We also evaluate how changes in social … security benefits influence retirement risk management … stocks versus bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable income in retirement …

with low income uncertainty; for the high income risk worker, equity exposure rises until retirement. We also evaluate how … differences in social security benefits can influence retirement risk management … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …

with low income uncertainty; for the high income risk worker, equity exposure rises until retirement. We also evaluate how … differences in social security benefits can influence retirement risk management … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …