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Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities


Olivia S. Mitchell


University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)

James F. Moore


Pacific Investment Management Company (PIMCO)
April 1997

Wharton School Working Paper 97-12

Abstract:     
Analysts have raised serious questions about current workers' ability and inclination to save enough for retirement. This is of obvious policy interest given the need to reform national retirement income programs. In the present paper we examine recent research developments regarding retirement wealth accumulation and decumulation. Our goal is to identify new developments and outstanding opportunities to encourage a more sensible process of growing and then drawing down retirement wealth.

Number of Pages in PDF File: 105

JEL Classification: D92, E21, H89

working papers series


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Date posted: May 5, 1997  

Suggested Citation

Mitchell, Olivia S. and Moore, James F., Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities (April 1997). Wharton School Working Paper 97-12. Available at SSRN: http://ssrn.com/abstract=39968 or http://dx.doi.org/10.2139/ssrn.39968

Contact Information

Olivia S. Mitchell
University of Pennsylvania - The Wharton School ( email )
Philadelphia, PA 19104-6365
United States

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
James F. Moore (Contact Author)
Pacific Investment Management Company (PIMCO)
840 Newport Center Drive
Suite 100
Newport Beach, CA 92660
United States
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