goods, showing how resources are shared between husband and wife, and how this allocation is affected by retirement and …

laborsupply choice. A focus of our analysis is the abrupt drop inconsumption upon retirement for a typical household … "retirement--consumption puzzle." Although a downwardstep in consumption at retirement contradicts predictions fromlife …

as the "retirement--consumption puzzle." Although a downward …consumption upon retirement for a typical household. The …retirement to provide an advantageous method of identifying …

why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We … may borrow far less and start saving for retirement significantly earlier than exponential discounters. …