Tag: retirement planning
Abstract Previous research finds a systematic fall in consumption at retirement, even when these retirements are expected, which implies households do not behave as predicted by the lifecycle/ permanent income hypothesis. However, the worker’s expected date of retirement is typically predicted using an instrument – age – that we show to be correlated with unexpected…
Abstract This study explored the ways in which race, gender, and age moderated the effects of several determinants of labor force participation among people ages 60 to 80. The role of race, gender, and age in moderating the effect of various factors on labor force participation was examined using the 1998 Health and Retirement Study…
