You can't take it with you: asset run-down at the end of the life cycle
Abstract: This article presents evidence on the extent to which households run down their assets after retirement. The authors show that, once corrections are made for several econometric problems, households engage in very little asset decumulation after retirement.
Keywords: Retirement; Income; Wealth;
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2004/ep_3qtr2004_p4_AndersonFrenchLam.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2004
Issue: Q III