Archive: Kevin Milligan
Introduction The typical older household in the United States now arrives at retirement with an array of financial resources. These resources usually include home equity, vehicles, and bank accounts and may also include financial assets such as Individual Retirement Accounts (IRAs) and stocks or other property like small businesses and real estate. These assets ar…
Abstract We study the household portfolios of the elderly using data from the Health and Retirement Study. In particular, we investigate the influence of aging and health shocks on both a household’s ownership of various assets and the dollar value and share of total assets held in each asset class. We find that households decreas…
