Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …. This paper assesses how financial literacy shapes financial decision-making at older ages. We devised a special module in … the Singapore Life Panel survey to measure financial literacy to study its relationship with three aspects of household …

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … behavior of households, we observe that feedback effects do occur. Results suggest that individual retirement decisions are …