Title | Individuals' Uncertainty about Future Social Security Benefits and Portfolio Choice |
Publication Type | Report |
Year of Publication | 2010 |
Authors | Delavande, A, Rohwedder, S |
Institution | Santa Monica, RAND Corporation Publications Department Working Papers |
Keywords | Consumption and Savings, End of life decisions, Expectations, Income, Methodology, Net Worth and Assets |
Abstract | Little is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the U.S. population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, the authors present empirical evidence from the Health and Retirement Study Internet Survey and document systematic variation in respondents' uncertainty about their future Social Security benefits by individual characteristics. They find that respondents with higher levels of uncertainty about future benefits hold a smaller share of their wealth in stocks. |
Notes | RAND Corporation Publications Department Working Paper |
URL | http://www.rand.org/pubs/working_papers/2010/RAND_WR782.pdf |
Endnote Keywords | Investment/Personal Finance/Personal Finance/Criteria for Decision-Making under Risk and Uncertainty/Criteria for Decision Making under Risk and Uncertainty/Econometrics/expectations, portfolio choice, subjective probabilities,/uncertatinty, Health and Retirement Study |
Endnote ID | 24450 |
Citation Key | 5810 |