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 …

, stochastic labor income and endogenously-determined retirement. We find that the ratio of total wealth-to-labor income … (normalized wealth) is the primary determinant of the retirement decision and that at all ages, there exists a critical normalized … wealth such that above this wealth, investors retire. We further consider the implications of endogenous retirement on …

persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

retirement investing behavior. The authors developed and tested two modifications to the section on investment performance on the … same hypothetical task allocating retirement investments over a range of six possible typical investment fund options …

In this paper, we develop an expected utility model for the retirement behavior in the decumulation phase of Australian … decreasing level of consumption for older retirees. Then we find optimal housing at retirement, and optimal consumption and … Pension early in retirement but this sensitivity fades with age. Secondly, the allocation to risky assets shows a complex …

Many pension plan participants are inactive. They do not look up information on their retirement income and discover … acquire retirement income information. First, we show that classical loss frames (vs. gain) are an effective intervention, but …

allocation for a mandatory retirement saving plan? We believe that the life-cycle model developed by economists over the last …How much should a family save for retirement and for the kids’ college education? How much insurance should they buy …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store …-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …