Does Stock Market Performance Influence Retirement Intentions?
AbstractMedia reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998–2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 47 (2012)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://jhr.uwpress.org/
Other versions of this item:
- Gopi Shah Goda & John B. Shoven & Sita Nataraj Slavov, 2010. "Does Stock Market Performance Influence Retirement Intentions?," NBER Working Papers 16211, National Bureau of Economic Research, Inc.
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barbara A. Butrica & Karen E. Smith & Eric J. Toder, 2009. "Retirement Security and the Stock Market Crash: What Are the Possible Outcomes?," Working Papers, Center for Retirement Research at Boston College wp2009-30, Center for Retirement Research, revised Nov 2009.
- Michael D. Hurd & Monika Reti & Susann Rohwedder, 2009. "The Effect of Large Capital Gains or Losses on Retirement," NBER Chapters, in: Developments in the Economics of Aging, pages 127-163 National Bureau of Economic Research, Inc.
- Jeffrey R. Brown & Courtney C. Coile & Scott J. Weisbenner, 2010.
"The Effect of Inheritance Receipt on Retirement,"
The Review of Economics and Statistics,
MIT Press, vol. 92(2), pages 425-434, May.
- Courtney C. Coile & Phillip B. Levine, 2006.
"Bulls, bears, and retirement behavior,"
Industrial and Labor Relations Review,
ILR Review, Cornell University, ILR School, vol. 59(3), pages 408-429, April.
- David Joulfaian & Mark O. Wilhelm, 1994.
"Inheritance and Labor Supply,"
Journal of Human Resources,
University of Wisconsin Press, vol. 29(4), pages 1205-1234.
- Ing-Haw Cheng & Eric French, 2000. "The effect of the run-up in the stock market on labor supply," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 48-65.
- Gabor Kezdi & Purvi Sevak, 2004. "Economic Adjustment of Recent Retirees to Adverse Wealth Shocks," Working Papers wp075, University of Michigan, Michigan Retirement Research Center.
- Purvi Sevak, 2002. "Wealth Shocks and Retirement Timing: Evidence from the Nineties," Working Papers wp027, University of Michigan, Michigan Retirement Research Center.
- Coile Courtney C & Levine Phillip B, 2011.
"The Market Crash and Mass Layoffs: How the Current Economic Crisis May Affect Retirement,"
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 11(1), pages 1-42, April.
- Courtney Coile & Phillip B. Levine, 2009. "The Market Crash and Mass Layoffs: How the Current Economic Crisis May Affect Retirement," NBER Working Papers 15395, National Bureau of Economic Research, Inc.
- Martin Farnham & Purvi Sevak, 2007. "Housing Wealth and Retirement Timing," Working Papers wp172, University of Michigan, Michigan Retirement Research Center.
- Courtney C. Coile & Phillip B. Levine, 2010. "Recessions, Reeling Markets, and Retiree Well-Being," NBER Working Papers 16066, National Bureau of Economic Research, Inc.
- repec:pri:indrel:682 is not listed on IDEAS
- Matthew D. Shapiro, 2010. "The Effects of the Financial Crisis on the Well-Being of Older Americans: Evidence from the Cognitive Economics Study," Working Papers wp228, University of Michigan, Michigan Retirement Research Center.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.