Journal Article

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;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2004

Volume: 28

Issue: Q III

Pages: 40-54