Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities

Wharton School Working Paper 97-12

105 Pages Posted: 5 May 1997

See all articles by Olivia S. Mitchell

Olivia S. Mitchell

University of Pennsylvania - The Wharton School; University of Pennsylvania - The Wharton School, Pension Research Council; National Bureau of Economic Research (NBER)

James F. Moore

Pacific Investment Management Company (PIMCO)

Multiple version iconThere are 2 versions of this paper

Date Written: April 1997

Abstract

Analysts have raised serious questions about current workers' ability and inclination to save enough for retirement. This is of obvious policy interest given the need to reform national retirement income programs. In the present paper we examine recent research developments regarding retirement wealth accumulation and decumulation. Our goal is to identify new developments and outstanding opportunities to encourage a more sensible process of growing and then drawing down retirement wealth.

JEL Classification: D92, E21, H89

Suggested Citation

Mitchell, Olivia S. and Moore, James F., Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities (April 1997). Wharton School Working Paper 97-12, Available at SSRN: https://ssrn.com/abstract=39968 or http://dx.doi.org/10.2139/ssrn.39968

Olivia S. Mitchell

University of Pennsylvania - The Wharton School ( email )

Philadelphia, PA 19104-6365
United States

University of Pennsylvania - The Wharton School, Pension Research Council ( email )

3302 Steinberg Hall-Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104-6302
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

James F. Moore (Contact Author)

Pacific Investment Management Company (PIMCO)

840 Newport Center Drive
Suite 100
Newport Beach, CA 92660
United States

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