Do Longevity Expectations Influence Retirement Plans?


The brief’s key findings are:

  • Workers who think they have excellent chances of living to ages 75 and 85 plan to work longer than those who think their chances are poor.
  • These perceptions of life expectancy also influence workers’ actual retirement behavior, though to a lesser degree.
  • These results are consistent with the notion that while workers who expect to live longer plan to retire later, actual behavior is influenced by unexpected shocks.