An analysis of precautionary behavior in retirement decision making with an application to pension system reform

DOI10.1016/J.INSMATHECO.2024.04.004MaRDI QIDQ6573816zbMATH OpenFDO

Authors Marco Magnani

Publication date 17 July 2024

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.INSMATHECO.2024.04.004

zbMATH Keywords

pension system reformprecautionary retirementprecautionary savingretirement decisionrisk on the cost of work effort

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

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Cites work

• A new interpretation of the condition for precautionary saving in the presence of an interest-rate risk
• CMARS: A new contribution to nonparametric regression with multivariate adaptive regression splines supported by continuous optimization
• Constant proportion portfolio insurance in defined contribution pension plan management
• Harsh occupations, health status and social security
• Health, longevity and retirement reform
• How Social Security and Medicare Affect Retirement Behavior In a World of Incomplete Markets
• Insurance and saving: some further results
• Intergenerational actuarial fairness when longevity increases: amending the retirement age
• Longevity, life-cycle behavior and pension reform
• Mortality transition and differential incentives for early retirement
• Multivariate adaptive regression splines
• Optimal choice of health and retirement in a life-cycle model
• Optimal management of defined contribution pension funds under the effect of inflation, mortality and uncertainty
• Optimal retirement with increasing longevity
• Precautionary retirement and precautionary saving
• RCMARS: robustification of CMARS with different scenarios under polyhedral uncertainty set
• Risk Aversion in the Small and in the Large
• Stochastic differential games for optimal investment problems in a Markov regime-switching jump-diffusion market
• The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour
• The effects of stochastic wages and non-labor income on labor supply: update and extensions

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