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 …

from three Australian retirement savings funds. Available US and UK evidence is somewhat mixed on both the measures that …

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 …

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