Event Description

Behavioural explanations and solutions to the reluctance of retirees to drawdown wealth

The life-cycle model predicts that people accumulate wealth during their productive careers and draw down their assets after retirement. Yet recent empirical studies for different countries show that many retirees hold on to their assets or even keep on saving well into old age. This presentation will draw upon recently published papers and work-in-progress to investigate this phenomenon. The focus will be the identification of behavioural explanations for the reluctance to drawdown wealth accumulated during working years and the role of behavioural interventions to encourage people to decumulate their wealth in retirement.

From 20 Sep 2023 08:00:00
to 20 Sep 2023 09:00:00

URL: www.actuaries.org
Format: Virtual
Organizaton: IAA - PBSS Section
Status: Active