Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations
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https://www.nber.org/papers/w10257
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资源简介：
Previous research finds a systematic decrease in consumption at retirement, a finding that is inconsistent with the Life-Cycle/Permanent Income Hypothesis if retirement is an expected event. In this paper, we use workers' subjective beliefs about their retirement dates as an instrument for
提供机构：
美国国家经济研究局
创建时间：
2004-02-01
