Recession and Expected Retirement Age: Another Look at the Evidence

TitleRecession and Expected Retirement Age: Another Look at the Evidence
Publication TypeJournal Article
Year of Publication2014
AuthorsSzinovacz, ME, Martin, L, Davey, A
KeywordsEmployment and Labor Force, End of life decisions, Income, Pensions, Public Policy, Retirement Planning and Satisfaction

Purpose: This article expands on earlier analyses that assessed whether the recent recession influenced retirement expectations. Design and Methods: Acknowledging that planning for retirement is a complex process influenced by personal preferences, resources, economic factors, institutional policies, and social norms, we test more comprehensive models than those used in previous studies, using data from the 2006 and 2008 waves (Waves 8 and 9) of the Health and Retirement Study. Results: Our results confirm that economic changes impinge on retirement expectations, but they also show stronger influences of other factors such as debts and the work environment. Implications: As the baby boom cohorts approach retirement age, it will be important to better understand how workers consider macro factors such as the state of the economy and firm-level factors and personal finances when planning for retirement.


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Endnote Keywords

Retirement/Workforce issues/Income/pension/OLDER WORKERS/GREAT RECESSION/PLANS/DECISIONS

Endnote ID


Citation Key8044