A Panel Dataset Study of Consumption Behaviour by Venti and Wise

Multiple Choice

A panel dataset study of consumption behaviour by Venti and Wise for the U.S. finds that:

A) most people are indifferent about saving sufficiently for retirement.
B) most people are forward- looking with many in the top income distribution leaving bequests.
C) most people are not able to save enough for retirement because of bad luck.
D) most people are backward- looking about consumption.
E) most people plan to a limited degree for retirement while concentrating on current consumption.