You can't take it with you: asset run-down at the end of the life cycle

Anderson, Katharine; French, Eric; Lam, Tina

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;