UM03-S1: Jr Scholar Research: “Do The Newly Retired Adjust Their Consumption or Labor Supply When Their Retirement Wealth Drops?”
Since the mid-nineties, the stock market has had an unprecedented impact on the wealth of current and future retirees. The sharp declines in stock values since 2000 reduced the wealth of many retirees. This study quantifies the magnitude of the…
View: Abstract
UM03-S2: Jr Scholar Research: “Testing for Adverse Selection in South African Annuitant Data”
This paper develops an equilibrium model of the annuities market where agents have private information about their mortality, and where the accuracy of this information decays over time. The paper shows that in this case, insurance companies will observe a…
View: Abstract