The widespread adoption of exchange traded funds (ETFs) as institutional instruments,
tighter trading spreads, and lower fees mean these investment vehicles are increasingly …

Portfolio “glidepaths” accommodate growth in a worker's early working life and transition to
lower risk settings as the worker nears retirement. The success of this design hinges on its …

This paper discusses the impact of extreme weather on US families with a specific focus on
household finances. We first derive a life-cycle model of consumption, then introduce climate …

In traditional life-cycle models, the equity-bond glide path shifts investment allocation from
riskier assets to relatively safer assets as investors approach retirement. In this article, we …

Using a lifecycle framework with Epstein-Zin (1989) utility and a mixed-integer optimization
approach, we compute the optimal age to claim Social Security benefits. Taking advantage …

Dynamic retirement glidepaths evolve over time based on some measure such as the
retiree's funded status or current market valuations. Conversely, static glidepaths are fixed at …