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The Great Recession and Faculty Retirement Plans, Attitudes, and Expectations: Evidence from Selected Kansas Regents Faculty

Author

Listed:
  • Kathleen Arano

    (Indiana University Southeast)

  • Carl Parker

    (Fort Hays State University)

Abstract

The current financial environment resulting from the great recession of 2008 has impacted various segments of the labor force. This paper presents one of the first attempts to examine expected retirement age and allocation of retirement assets of a homogenous group of near retirees of university faculty following the great recession. The results provide insights to the significance of financial variables in explaining expected retirement age in a period of increased overall uncertainty in the economic environment. There is evidence of a slightly stronger substitution effect with respect to current income (delays retirement) while results with respect to retirement wealth are mixed.

Suggested Citation

  • Kathleen Arano & Carl Parker, 2014. "The Great Recession and Faculty Retirement Plans, Attitudes, and Expectations: Evidence from Selected Kansas Regents Faculty," Journal of Economic Insight, Missouri Valley Economic Association, vol. 40(2), pages 83-96.
    • Handle: RePEc:mve:journl:v:40:y:2014:i:2:p:83-96
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    More about this item

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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