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)
Wharton School Working Paper 97-12
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, H89working papers series
Date posted: May 5, 1997
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