论文标题
隐藏的小组时光概况：退休中的异构缩减行为
Hidden Group Time Profiles: Heterogeneous Drawdown Behaviours in Retirement
论文作者
论文摘要
本文使用针对澳大利亚面板数据的分组固定效应（GFE）估计器调查了退休行为，该估计值是针对分阶段撤回退休收入产品的逐出数据的。鉴定出的不同潜在群体表现出的行为表明，退休人员可能会采用简单的启发式法，以决定他们如何降低其累积财富。提出了对原始GFE方法的两个扩展：一种潜在的组标签匹配过程，该过程扩大了引导性推断以包括时间配置文件估计值，以及针对使用不平衡数据估算的具有时间不变的添加剂固定效果的模型的修改估计程序。
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.
