Article ID Journal Published Year Pages File Type
5059334 Economics Letters 2013 14 Pages PDF
Abstract
We quantify the welfare gains from better retirement planning using a model in which retirement planning is time inconsistent. A modest increase in a household's planning horizon by just a few years generates large aggregate and individual welfare gains.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Time inconsistency and retirement planning
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