Igor Balnozan, Denzil G. Fiebig, Anthony Asher, Robert Kohn, Scott A. Sisson
arXiv 3 Sep 2020 · Econometrics
arXiv:2009.01505 · PDF · DOI · OpenAlex · Extracted main text
This article investigates retirement decumulation behaviours using the Grouped Fixed-Effects (GFE) estimator applied to Australian panel data on drawdowns from phased withdrawal retirement income products. Behaviours exhibited by the distinct latent groups identified suggest that retirees may adopt simple heuristics determining how they draw down their accumulated wealth. Two extensions to the original GFE methodology are proposed: a latent group label-matching procedure which broadens bootstrap inference to include the time profile estimates, and a modified estimation procedure for models with time-invariant additive fixed effects estimated using unbalanced data.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | bateman2008choices APACrefauthors Bateman, H. \ Thorp, S. APACrefaut… (2008) 2008 | 1.000 | 5 | 3 | 100% |
| 2 | bonhomme2015grouped APACrefauthors Bonhomme, S. \ Manresa, E. APACre… (2015) 2015 | 0.945 | 32 | 5 | 84% |
| 3 | horneff2008following APACrefauthors Horneff, W J. , Maurer, R H. , M… (2007) 2008 | 0.644 | 4 | 1 | 100% |
| 4 | Treas2016 APACrefauthors The Australian Government the Treasury. APA… (2016) 2016 | 0.405 | 1 | 1 | 100% |
| 5 | bai2009panel APACrefauthors Bai, J. APACrefauthors \ (2009) 2009 | 0.405 | 1 | 1 | 100% |
| 6 | bonhomme2021discretizing APACrefauthors Bonhomme, S. , Lamadon, T. \… (2022) 2022 | 0.405 | 1 | 1 | 100% |
| 7 | deb2013finite APACrefauthors Deb, P. \ Trivedi, P K. APACrefauthors \ 2013 | 0.405 | 1 | 1 | 100% |
| 8 | hofmans2015added APACrefauthors Hofmans, J. , Ceulemans, E. , Steinl… (2015) 2015 | 0.405 | 1 | 1 | 100% |
| 9 | jacobs1991adaptive APACrefauthors Jacobs, R A. , Jordan, M I. , Nowl… (1991) 1991 | 0.405 | 1 | 1 | 100% |
| 10 | jordan1994hierarchical APACrefauthors Jordan, M I. \ Jacobs, R A. AP… (1994) 1994 | 0.405 | 1 | 1 | 100% |
Showing the top 10 of 12 scored citations.