Title | Does stock market performance influence retirement intentions? |
Publication Type | Journal Article |
Year of Publication | 2012 |
Authors | Goda, GShah, Shoven, JB, Slavov, SNataraj |
Journal | Journal of Human Resources |
Volume | 47 |
Issue | 4 |
Pagination | 1055-1081 |
Keywords | Methodology, Net Worth and Assets, Public Policy, Retirement Planning and Satisfaction |
Abstract | Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions. PUBLICATION ABSTRACT |
DOI | 10.3368/jhr.47.4.1055 |
Endnote Keywords | great Recession/stock market/retirement planning/Rates of return/Correlation analysis/Securities markets/Securities markets/Retirement |
Endnote ID | 69730 |
Citation Key | 7776 |