The effect of objective formulation on retirement decision making
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Date
Authors
Butt, Adam
Khemka, Gaurav
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Publisher
Elsevier
Abstract
For a retiree who must maintain both investment and longevity risks, we consider the impact on decision making of focusing on an objective relating to the terminal wealth at retirement, instead of a more correct objective relating to a retirement income.
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Source
Insurance; Mathematics and Economics
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Restricted until
2037-12-31