All individuals need to decide how much to save during their working years, how much to spend during retirement, and … exposure evolve during retirement is the ultimate issue explored in this article. After considering declining-equity, rising …

differences in economic activity of people at near-retirement age. Design/methodology/approach: The empirical study uses … indicate that pensionable age is a determinant of cross-country differences in employment rate in the near-retirement age group …, and less a factor differentiating average effective retirement age. It turns out that other factors matter, including …