@article {12032,
	title = {Do Households Increase Their Savings When the Kids Leave Home?},
	journal = {The Journal of Retirement},
	volume = {9},
	year = {2021},
	pages = {21-35},
	abstract = {Much of the disagreement over whether households are adequately prepared for retirement reflects differences in assumptions regarding the extent to which consumption declines when the kids leave home. If consumption declines substantially when the kids leave home, as some life-cycle models of retirement saving assume, households need to achieve lower replacement rates in retirement and need to accumulate less wealth. Using administrative tax data from the Health and Retirement Study (HRS), as well as the Survey of Income and Program Participation (SIPP), this article investigates whether household consumption declines when kids leave the home and, if so, by how much. Because consumption data are noisy and savings is the flip side of consumption, this article examines whether savings in 401(k) plans increase when the kids leave home. The article also investigates alternative methods of saving, including non-401(k) savings and increased mortgage payments.},
	keywords = {children, consumption, Households, Savings},
	doi = {https://doi.org/10.3905/jor.2021.1.091},
	author = {Irena Dushi and Alicia H. Munnell and Geoffrey T. Sanzenbacher and Anthony Webb and Anqi Chen}
}
@article {10766,
	title = {Do Households Save More When the Kids Leave Home?},
	number = {IB$\#$16-8},
	year = {2016},
	institution = {Center for Retirement Research at Boston College},
	abstract = {Kids are expensive. As a result, when children
become financially independent, parents often have
a substantial amount of extra money on hand. In
this case, they have two basic choices: spend more on
themselves or increase their saving for retirement.
What they actually do is an open question. },
	keywords = {401(k), Family, Family Characteristics},
	url = {https://crr.bc.edu/briefs/do-households-save-more-when-the-kids-leave-home/},
	author = {Alicia H. Munnell and Irena Dushi and Geoffrey T. Sanzenbacher and Anthony Webb and Anqi Chen}
}
@article {5854,
	title = {Do Households Increase Their Savings When the Kids Leave Home?},
	year = {2015},
	institution = {Boston College},
	abstract = {Much of the disagreement over whether households are adequately prepared for retirement reflects differences in assumptions regarding the extent to which consumption declines when the kids leave home. If consumption declines substantially when the kids leave home, as some life-cycle models of retirement saving assume, households need to achieve lower replacement rates in retirement and need to accumulate less wealth. Using administrative tax data from the Health and Retirement Study (HRS), as well as the Survey of Income and Program Participation (SIPP), this paper investigates whether household consumption declines when kids leave the home and, if so, by how much. Because consumption data are noisy and savings is the flip side of consumption, this paper examines whether savings in 401(k) plans increase when the kids leave home. The paper also investigates alternative methods of saving, including non-401(k) savings and increased mortgage payments.},
	keywords = {Consumption and Savings, Event History/Life Cycle, Net Worth and Assets, Pensions, Retirement Planning and Satisfaction},
	author = {Irena Dushi and Alicia H. Munnell and Geoffrey T. Sanzenbacher and Anthony Webb}
}
@article {5677,
	title = {A New National Retirement Risk Index},
	year = {2006},
	institution = {Center for Retirement Research at Boston College},
	abstract = {Americans weaned on post-war affluence have come to expect an extended period of leisure at the end of their work life. And, indeed, the majority of today s retirees are able to afford a decent retirement. However, this group is living in a  golden age  that will fade as Baby Boomers and Generation Xers reach traditional retirement ages in the coming decades. This gloomy prediction reflects the trend towards longer retirements and likely declines in retirement incomes relative to pre-retirement earnings   known as replacement rates. Because many Americans appear unaware of these disquieting trends, the Center for Retirement Research at Boston College has developed the National Retirement Risk Index. The Index measures the share of working-age households who are at risk of being unable to maintain their pre-retirement standard of living in retirement.},
	keywords = {Methodology, Public Policy, Retirement Planning and Satisfaction},
	url = {https://crr.bc.edu/briefs/a-new-national-retirement-risk-index/},
	author = {Alicia H. Munnell and Anthony Webb and Delorme, Luke}
}
