| Title | The Impact of Own Children on Retirement Portfolio Composition in the United States |
| Publication Type | Report |
| Year of Publication | 2001 |
| Authors | Mellor, JM, Jensen, ER |
| Institution | College of William and Mary, Dept. of Economics |
| Keywords | Net Worth and Assets |
| Abstract | We estimate models of retirement portfolio compositions using Wave 1 of the Health and Retirement Survey. The sample consists largely of pre-retirement individuals in their early 50s. Treating number of own children as endogenous, we find little firm evidence that either levels of specific asset holdings or their shares in a portfolio of assets are affected by number of own children. The exception is housing wealth, which also carries a significant consumption component. While some parents may well come to rely on their children for retirement support, we cannot support the notion that it typically is intentional. |
| Notes | RDA 1999-001 |
| Endnote Keywords | Retirement Wealth/Assets |
| Endnote ID | 6602 |
| Citation Key | 5440 |
