@article {7734,
	title = {Market Performance And The Timing Of Retirement},
	journal = {Journal of Personal Finance},
	volume = {11},
	year = {2012},
	pages = {10-48},
	publisher = {11},
	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{\textquoteright}s influence on their decision-making to avoid the negative effect of market sequencing on their retirement wealth.  PUBLICATION ABSTRACT},
	keywords = {Consumption and Savings, Methodology, Net Worth and Assets, Retirement Planning and Satisfaction},
	url = {https://ssrn.com/abstract=2740054},
	author = {Yao, Rui and Park, Eric}
}
