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How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior

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NBER2018-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24311
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This paper explores how an environment of persistent low returns influences saving, investing, and retirement behaviors, as compared to what in the past had been thought of as more normal financial conditions. Our calibrated lifecycle dynamic model with realistic tax, minimum distribution, and
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2018-02-01
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