| Title | Market Performance And The Timing Of Retirement |
| Publication Type | Journal Article |
| Year of Publication | 2012 |
| Authors | Yao, R, Park, E |
| Journal | Journal of Personal Finance |
| Volume | 11 |
| Issue | 1 |
| Pagination | 10-48 |
| Keywords | Consumption and Savings, Methodology, Net Worth and Assets, Retirement Planning and Satisfaction |
| Abstract | This study is the first to utilize nine interview waves of the Health and Retirement Study and multilevel discrete-time survival analysis to investigate the effect of market returns on individual elective retirement decisions. Individuals who retire at a market peak have an increased risk of shortening the longevity of their retirement income. Unfortunately, market returns were found to have a significant positive effect on the probability of retirement. Researchers, employers, financial educators and financial practitioners should help pre-retirees overcome the stock market's influence on their decision-making to avoid the negative effect of market sequencing on their retirement wealth. PUBLICATION ABSTRACT |
| URL | https://ssrn.com/abstract=2740054 |
| Endnote Keywords | personal finance/methodology/Banking And Finance/Retirement planning/market returns/retirement wealth/stock market |
| Endnote ID | 69540 |
| Citation Key | 7734 |
