The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households

被引：0
作者：
Aylit Tina Romm
机构：
[1] University of the Witwatersrand,School of Economics and Business Sciences
来源：
Journal of Family and Economic Issues | 2015年 / 36卷
关键词：
Retirement date; Subjective beliefs; Wealth; E21; J26;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper used seven waves of data from the US Health and Retirement Study to investigate the impact of expectations regarding the timing of retirement on pre-retirement wealth accumulation of married households. More specifically, the effect of married individuals’ subjective beliefs of working full time after age 62 on household wealth was analyzed. Individuals’ perceptions of the usual retirement age on the job was used as an instrument for their subjective beliefs of working full time after age 62. On a whole, the point estimates suggested that the responsiveness of married mens’ saving behavior to retirement dates expectations was larger than that of married women. In particular, wealth of married households where men had the bargaining power in terms of being sole earners, exhibited the largest decrease in response to increases in subjective probabilities of working past age 62.
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页码：593 / 605
页数：12
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