Tag: life expectancy
Abstract Increasing life expectancy has made working longer both more necessary and more possible, but the relationship between an individual’s survival expectations and his planned retirement age is unclear in the existing literature. This study uses the Health and Retirement Study and an instrumental variables (IV) approach to examine how subjective life expectancy influences planned…
The brief’s key findings are: The wealth-to-income ratio for current workers is a good way to gauge their retirement preparedness. During 1983-2007, these ratios were remarkably stable, which should never have been a source for comfort as the need for wealth increased due to: rising life expectancy; the shift to 401(k) plans; increasing health care costs; and…
