Pension saving decision making under lifetime and investment uncertainty

Pension saving decision making under lifetime and investment uncertainty

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Speaker(s): Mogens Steffensen (University of Copenhagen)

We discuss the design of pension products. The theoretical context is decision making under uncertainty with notions of preferences like risk aversion, habit formation, and resolution of uncertainty. The practical questions we address concern guaranteed benefits, smoothing of investment returns and...would you actually like to know when you are going to die?

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