Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income
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This paper shows that households who enter retirement with low wealth consistently followed non-permanent income consumption rules during their working years. Using the Panel Study of Income Dynamics (PSID), household wealth in 1989 is predicted for a sample of 50-65 year olds using both current and
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美国国家经济研究局创建时间：
2003-11-01
