| Title | The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households |
| Publication Type | Journal Article |
| Year of Publication | 2015 |
| Authors | Romm, AT |
| Journal | Journal of Family and Economic Issues |
| Volume | 36 |
| Issue | 4 |
| Pagination | 593-605 |
| Keywords | Adult children, Consumption and Savings, Employment and Labor Force, Expectations, Methodology, Net Worth and Assets, Public Policy, Retirement Planning and Satisfaction, Women and Minorities |
| Abstract | This paper used seven waves of data from the US Health and Retirement Study to investigate the impact of expectations regarding the timing of retirement on pre-retirement wealth accumulation of married households. More specifically, the effect of married individuals' subjective beliefs of working full time after age 62 on household wealth was analyzed. Individuals' perceptions of the usual retirement age on the job was used as an instrument for their subjective beliefs of working full time after age 62. On a whole, the point estimates suggested that the responsiveness of married mens' saving behavior to retirement dates expectations was larger than that of married women. In particular, wealth of married households where men had the bargaining power in terms of being sole earners, exhibited the largest decrease in response to increases in subjective probabilities of working past age 62. |
| DOI | 10.1007/s10834-014-9413-4 |
| Endnote Keywords | Retirement date/Subjective beliefs/Wealth/expectations/retirement planning/household wealth/labor Force Participation/Personality and Social Psychology/Economics of Gender/Non-labor Discrimination/Public Policy/Women/family structure/Personal finance |
| Endnote ID | 999999 |
| Citation Key | 8329 |
