@inbook {5263, title = {Are Retirees Falling Short? Reconciling the Conflicting Evidence}, booktitle = {Reimagining Pensions: The Next 40 Years}, year = {2016}, pages = {11-36}, publisher = {Oxford University Press}, organization = {Oxford University Press}, address = {Oxford, United Kingdom}, abstract = {This paper examines conflicting assessments of whether people will have adequate retirement income to maintain their pre-retirement standard of living. The studies that it examines use data from the Survey of Consumer Finances (SCF), the Health and Retirement Study (HRS), and the HRS supplement Consumption and Activities Mail Survey (CAMS). Critical components of the analysis are behavioral assumptions about household consumption patterns when children leave home and when households retire. A key limitation is that the behavioral assumptions in the different studies are based on incomplete knowledge of actual household behavior.}, keywords = {Net Worth and Assets, Retirement Planning and Satisfaction}, author = {Alicia H. Munnell and Matthew S. Rutledge and Anthony Webb}, editor = {Olivia S. Mitchell and Shea, Richard C.} }