Does stock market performance influence retirement intentions?

TitleDoes stock market performance influence retirement intentions?
Publication TypeJournal Article
Year of Publication2012
AuthorsGoda, GShah, Shoven, J, Slavov, S
JournalJournal of Human Resources
Volume47
Issue4
Pagination1055
KeywordsMethodology, 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

Endnote Keywords

great Recession/stock market/retirement planning/Rates of return/Correlation analysis/Securities markets/Securities markets/Retirement

Endnote ID

69730

Citation Key7776