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Explanations for the Decline in Spending at Older Ages

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NBER2022-09-01 更新2025-01-04 收录
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We use new data from the 2019 wave of the Consumption and Activities Mail Survey to help interpret the observed decline in spending as individuals age. At one extreme, forward-looking individuals optimally chose the decline; at the other, myopic individuals overspent and were forced to reduce

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2022-09-01
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