Household financial decisions over the life cycle with a specific focus on financial preparedness for retirement.
Because population is aging fast, individuals live longer, health-related spending is rising, current pension plans place more investment responsibility on individuals, and Social Security pension and welfare programs are progressively less generous. It is important to understand how households prepare for retirement and what may help them achieve later-life financial security.
Prof. Orazio Attanasio’s lectures on life-cycle consumption/saving/investment decisions at University College London.
Incorporating subjective expectations about stock market returns into a life-cycle model of portfolio choice makes the model’s predictions reasonably close to observed investment behavior.
More accurate and reliable measures of individuals’ perception of financial risks and use them in economic models to predict saving & investment decisions.
Curiosity and the constant struggle to satisfy it.
"I'd tell you, but I don't remember where I put it!"