Does Stock Market Performance Influence Retirement Intentions? / Gopi Shah Goda, John B. Shoven, Sita Nataraj Slavov.

Format:

Book

Author/Creator:

Goda, Gopi Shah.

Contributor:

National Bureau of Economic Research.

Shoven, John B.

Slavov, Sita Nataraj.

Series:

Working Paper Series (National Bureau of Economic Research) no. w16211.

NBER working paper series no. w16211

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2010.

Summary:

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.

Notes:

Print version record

July 2010.