| Title | The Effects of the Economic Crisis on the Older Population |
| Publication Type | Report |
| Year of Publication | 2010 |
| Authors | Hurd, MD, Rohwedder, S |
| Series Title | University of Michigan Retirement and Disability Research Center Working Paper |
| Document Number | WP 2010-231 |
| Institution | The University of Michigan |
| City | Ann Arbor, MI |
| Keywords | Employment and Labor Force, Public Policy, Retirement Planning and Satisfaction |
| Abstract | We study the effects of the 2007-2009 recession on the population age 55 and older. Households in and near retirement have suffered sizeable losses in assets as a result of the economic crisis. There are a number of ways in which households might respond: reduce spending and with that increase saving, work longer, and/or bequeath less. Using longitudinal data from the Health and Retirement Study and its supplemental surveys, we find that all of these adjustments have been important. |
| URL | https://deepblue.lib.umich.edu/bitstream/handle/2027.42/78348/wp231.pdf?sequence=1 |
| Endnote Keywords | retirement planning/labor Force Participation/economic crisis/2007-2009 recession |
| Endnote ID | 24360 |
| Citation Key | 5805 |
