| Title | Effects of Late-Life Job Loss on Wealth and Labor Supply |
| Publication Type | Book Chapter |
| Year of Publication | 2013 |
| Authors | Stevens, AH, Moulton, JG |
| Editor | Couch, KA, Daly, MC, Zissimopoulos, JM |
| Book Title | Lifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health |
| Pagination | 57-75 |
| Publisher | Stanford University Press |
| City | Stanford, CA |
| Keywords | Employment and Labor Force, Net Worth and Assets, Other, Retirement Planning and Satisfaction |
| Abstract | This chapter considers the impact of job loss on economic well-being during retirement. Using data from the Health and Retirement Study (HRS), it compares retirement wealth across individuals who experience a job loss and those who do not. Sizeable differences are reported, especially when the job loss occurs at young ages. Little evidence is found that displaced workers can make up these differences by shifting retirement to a later date. The inability to recover appears related to both the difficulty in becoming reemployed and, if a new job is found, working sufficiently long before retirement to offset the initial declines in assets. |
| Endnote Keywords | job loss/displacement/late-life/retirement/wealth |
| Endnote ID | 999999 |
| Short Title | Effects of Late-Life Job Loss on Wealth and Labor Supply |
| Citation Key | 5256 |
