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The Retirement-Consumption Puzzle: Theory and Empirical Evidence

Name: The Retirement-Consumption Puzzle: Theory and Empirical Evidence
Price: 18.95 EUR
Availability: InStock
Author: Kevin Rink
ISBN: 978-3-640-98979-9

Seminar Paper, 2011

23 Pages, Grade: 1,0

Kevin Rink (Author)

Excerpt

List of Figures

List of Abbreviations

1 Introduction

2 The Life Cycle Hypothesis
2.1 The Stripped Down Life Cycle Model
2.2 Consumption Smoothing

3 The Retirement-Consumption Puzzle
3.1 Household Characteristics and Life Cycle Consumption
3.1.1 Wealth and Income
3.1.2 Unplanned Events
3.1.3 Decomposing Consumption
3.2 Approaches to the Puzzle
3.2.1 Substitution Effects
3.2.2 Irrationality
3.3 Critical Assessment

4 Conclusion

Appendixes

References

Excerpt out of 23 pages

Details

Title: The Retirement-Consumption Puzzle: Theory and Empirical Evidence
College: University of Mannheim
Course: Seminar in Bankbetriebslehre und Behavioral Finance
Grade: 1,0
Author: Kevin Rink (Author)
Year: 2011
Pages: 23
Catalog Number: V173049
ISBN (eBook): 9783640989720
ISBN (Book): 9783640989799
File size: 513 KB
Language: English
Keywords: Retirement, Retirement Consumption Puzzle, Puzzle, Modigliani, Hurst, Friedman, Kahneman, Laibson, LCH, LCM, Life Cycle, Life Cycle Hypothesis, Lebenszyklusmodel, Lebenszyklushypothese, Lebenszyklus

Quote paper: Kevin Rink (Author), 2011, The Retirement-Consumption Puzzle: Theory and Empirical Evidence, Munich, GRIN Verlag, https://www.grin.com/document/173049

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