their wealth decumulation rates are much slower than expected. Moreover, we also find that more than 40 percent of the … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than … retired elderly in Italy suggests that the lower than expected wealth decumulation rates and dissaving of the retired elderly …

their wealth decumulation rates are much slower than expected. Moreover, we also find that more than 40 percent of the … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than … retired elderly in Italy suggests that the lower than expected wealth decumulation rates and dissaving of the retired elderly …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …