How households draw down the balances that they accumulate in retirement saving accounts such as 401(k) plans and … Individual Retirement Accounts can have an important effect on the contribution of these accounts to retirement income security …

three well-established puzzles in the retirement literature. The first puzzle is that, given incentives, the extent of … of participation to the SPA across the wealth distribution, hence offering a resolution to the first puzzle. The third …

declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent … retirement confirming the results of Aguiar and Hurst (2005, 2013) …

This paper investigates individuals' investment behaviour in their retirement savings surrounding milestone birthday … to make investment changes. We utilise a large Australia retirement savings fund which provides the history of investment …

The real median value of both the assets and net worth of Canadians approaching retirement age doubled from 1999 to …,400). Therefore, from an earnings/income replacement perspective, the increase in wealth looks particularly helpful for future … retirement incomes.However, that help will be tempered by the rising costs of a dollar of annuity income. Plus, there are …

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement … investigate the choice between phased withdrawal plans with varying riskiness resulting in volatile retirement income. We find … that 40% of the participants choose some risk and thus, accept fluctuations in retirement income. Second, we analyze the …