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Keywords: Pensions
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Journal Articles
Journal:
Applied Economic Analysis
Applied Economic Analysis (2026) 34 (100): 18–37.
Published: 27 February 2026
..., consumption should evolve smoothly around retirement, without discontinuities. Second, if the life cycle/permanent income hypothesis holds, then retirees’ consumption should be insulated from contemporaneous pension reforms. Design/methodology/approach The authors estimate an Euler equation...
