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Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2020.05.021
Abstract: Abstract We study the effects of retirement benefits provided by social insurance programs on consumption, portfolio choice, and retirement in a continuous-time theoretical model. We show that people tend to retire earlier with an increase…
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Keywords:
retirement;
insurance elderly;
increase;
social insurance ... See more keywords