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Does Stock Market Performance Influence Retirement Intentions?
- Source :
-
Journal of Human Resources . Fall 2012 47(4):1055-1081. - Publication Year :
- 2012
-
Abstract
- Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions. (Contains 3 figures, 7 tables, and 9 footnotes.)
Details
- Language :
- English
- ISSN :
- 0022-166X
- Volume :
- 47
- Issue :
- 4
- Database :
- ERIC
- Journal :
- Journal of Human Resources
- Publication Type :
- Academic Journal
- Accession number :
- EJ999684
- Document Type :
- Journal Articles<br />Reports - Research