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How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios

We show how optimal household decisions regarding work, retirement, saving, portfolio allocations, and life insurance are shaped by the complex financial options embedded in U.S. Social Security rules and uncertain family transitions. Our life cycle model predicts sharp consumption drops on retireme...

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Shranjeno v:
Bibliografske podrobnosti
izdano v:Rev Financ Stud
Main Authors: Hubener, Andreas, Maurer, Raimond, Mitchell, Olivia S.
Format: Artigo
Jezik:Inglês
Izdano: 2015
Teme:
Online dostop:https://ncbi.nlm.nih.gov/pmc/articles/PMC5484169/
https://ncbi.nlm.nih.gov/pubmed/28659659
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1093/rfs/hhv070
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