same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a …

important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the … bias in the effect of net liquid wealth on retirement, but a small bias and a positive causal effect if net total wealth … (including housing equity and mortgage debt) is used. Both measures of wealth show a significant positive effect on retirement …

extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …

In this work we revisit the retirement consumption puzzle using Italian panel data. As emphasized in the literature …, the observed consumption drop might be due to unexpected wealth shocks at retirement, which modify optimal consumption … plans. Using an Euler equation approach, we test the impact of unexpected retirement on the consumption patterns of …

stochastic mortality. Our results are relevant for individual retirement planning, pension system design, and insurance pricing …

savings. In line with life-cycle theory, we found that longevity increases saving ratios …

for house prices. When given a timing choice, the individual chooses to unlock home equity early in retirement. The …

The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts …, households do not run down their wealth significantly during retirement. In this survey paper we briefly review the literature … that attempts to solve the retirement-savings puzzle and, in addition, we review more extensively the literature on housing …

determinants of individuals' decisions about consumption, saving, asset allocation, and retirement timing. This study provides … of Health, Ageing and Retirement in Europe (SHARE) with life table data from the Human Mortality Database …

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … household level. We find evidence of some degree of homogeneity across countries with respect to saving preferences and the … relative importance of different motives for saving. In addition, we find a more heterogeneous impact of credit constraints on …