Handbook - Retirement Saving and Spending Over the Lifecycle

There is a more recent version of this academic item available.

Overview

This course examines saving and spending decisions by individuals and households over the lifecycle in the context of national retirement savings and incomes policies. We examine the economic and financial risks facing both individuals and product providers, as well as behavioural explanations for deviations from economic rationality and the lifecycle model. Topics covered include: a taxonomy of the lifecycle; lifecycle theories of consumption and saving; investment strategy, human capital and the retirement decision: risks facing individual retirees and providers of retirement income products (investment risk, longevity risk, interest rate risk, inflation risk, replacement risk); market failure in the retirement benefit market; behavioural explanations for non-rational behaviour including myopia, procrastination, mental accounting, complexity, framing, loss aversion etc.

NOTE: This course is equivalent to ECON3117 Retirement Saving and Spending over the Lifecycle, which is no longer offered. Students intending to enrol in ECON3117 should instead enrol in this course.

Conditions for Enrolment

Pre-requisites: ECON2101 or (ECON1101 and ACTL1101) or (completed at least 84UOC and enrolled in a Commerce Program).

Equivalent Courses

Course

ECON3117

ECON3117 - Retirement Saving and Spending over the Lifecycle

Exclusion Courses

Course

ACTL5306

ACTL5306 - Retirement Saving and Spending over the Lifecycle

Course

ECON3117

ECON3117 - Retirement Saving and Spending over the Lifecycle

Course

ECON5136

ECON5136 - Retirement Saving and Spending over the Lifecycle

Delivery

In-person - Standard (usually weekly or fortnightly)

Please note that the above delivery information is an indication on how this course may be delivered within the year. Delivery mode(s) for each term can be viewed on other sources such as myUNSW and class timetable site.

This Handbook is a comprehensive catalogue of our offerings and includes courses that can be taken to satisfy program requirements irrespective as to their availability for a particular year. Availability of courses is best checked using filters on this site or on the class timetable site.

Course Outline

To access course outline please visit below link (Please note that access to UNSW Canberra course outlines requires VPN):

ACTL3192 Course Outline

Fees

Type	Amount
Commonwealth Supported Students (if applicable)	$1813
Domestic Students	$5610
International Students	$5610

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Commonwealth Supported Students:

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Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

Pre-2019 Handbook Editions