risky financial portfolios. We find that educational and health attainments of household heads and household wealth lead to …

wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor … of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …

order to preserve consumption levels after retirement. We find that the median older household has current wealth of … and Retirement Study, this paper explores asset holdings among a nationally representative sample of people on the verge … of retirement. Making reasonable projections about asset growth, we assess how much more people would need to save in …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth …Together, pensions, social security and health insurance account for half of the wealth held by all households in the … percentiles, and even for 48 percent of wealth for those in the 90th to 95th wealth percentiles. The HRS surveys households aged …

This paper presents evidence on the resources available to households as they enter retirement. It draws heavily on … data collected by the Health and Retirement Study and calculates the "potential additional annuity income" that households … could purchase, given their holdings of non-annuitized financial assets at the start of retirement. Even if households used …

Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non …-pension wealth holdings, (ii) defined contribution (DC) pension holdings, (iii) actual or expected defined benefit (DB) pension …

This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers -- one in five … receipt is associated with a significant increase in the probability of retirement. In particular, we find that receiving an …

This paper shows that households who enter retirement with low wealth consistently followed non-permanent income … consumption behavior of these households early in their lifecycle. It is shown that these low pre-retirement wealth households had … consumption rules during their working years. Using the Panel Study of Income Dynamics (PSID), household wealth in 1989 is …

This paper estimates reduced form retirement and wealth equations, and analyzes the relationship between them. Data are … model of retirement and wealth. To improve retirement analysis, we develop the premium value, a measure of the future value … from the first four waves of the longitudinal Health and Retirement Study, individuals born from 1931 to 1941. Single …

This paper explores the relationship between education and the evolution of wealth after retirement. Asset growth … following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are … strongly related to educational attainment. These "initial conditions" for retirement can have a lingering effect on subsequent …