A Close Look at Dissaving in the Longitudinal Retirement History Survey
M. Hurd (1987) provided evidence from the Longitudinal Retirement History Survey that the retired elderly dissave. This paper attempts to refine and extend that analysis in several ways. The author determines how sensitive Hurd's results are to his method for estimating missing data. He calculates median dissaving rates, a more robust measure of dissaving. The author provides confidence intervals for those rates. Finally, he computes estimates based on a method that weights all households equally. The results are mixed. Hurd's dissaving finding is confirmed in many specifications but questions are raised about dissaving among couples and the method of elderly dissaving. Copyright 1995 by The International Association for Research in Income and Wealth.
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Volume (Year): 41 (1995)
Issue (Month): 2 (June)
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