Center for Retirement Research at Boston College, Boston, USA
Eric French
University of Cambridge, Cambridge, UK; Institute for Fiscal Studies, London, UK; Corresponding author: Faculty of Economics, University of Cambridge, Austin Robinson Building, Sidgwick Avenue, Cambridge CB3 9DD, UK.
John Jones
Federal Reserve Bank of Richmond, Richmond, USA
Jeremy McCauley
Institute for Fiscal Studies, London, UK; University of Bristol, Bristol, UK
