Chai, Jingjing; Maurer, Raimond; Mitchell, Olivia S.; … - 2011
economic shocks, and it also explores how people may react by changing their consumption, saving and investment, work and … both short- and long-term consumption, boost work effort, and defer retirement. Younger cohorts will initially reduce their … work hours, consumption, saving, and equity exposure; later in life, they will work more, retire later, consume less …
