Do Longevity Expectations Influence Retirement Plans?
March 18, 2014
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.
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Khan, Mashfiqur R., Matthew S. Rutledge, and April Yanyuan Wu. 2014. "Do Longevity Expectations Influence Retirement Plans?" Issue in Brief 14-6. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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