The effect of late-life debt use on retirement decisions

TitleThe effect of late-life debt use on retirement decisions
Publication TypeJournal Article
Year of Publication2011
AuthorsMann, A
JournalSocial Science Research
KeywordsConsumption and Savings, Health Conditions and Status, Net Worth and Assets, Retirement Planning and Satisfaction

This paper examines parallel shifts in late life debt use and retirement behaviors. After discussing the conceptual linkages between credit and labor markets, I use data from the 1992 to 2008 waves of the Health and Retirement Study to examine the temporal patterning of retirement and debt behaviors. I rely on the longitudinal structure of the data to estimate the effects of debt accumulation on retirement behaviors, using alternative specifications to identify treatment and control groups. The findings suggest that debt accumulation in later life has a significant effect on decisions to remain in the workforce in later years. PUBLICATION ABSTRACT

Endnote Keywords

Retirement/Social identity/Social identity/Wealth/Personal finance

Endnote ID


Citation Key7616