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Do Worker Expectations of Never Retiring Indicate a Preference or an Inability to Plan?
Hanna, Sherman D. - 2018
for working indefinitely. Most workers stating that they would never retire probably would have expected retirement ages … under 67, if they had planned for retirement. Evaluations of retirement adequacy of workers should carefully consider the … retirement …
Persistent link: https://www.econbiz.de/10012935424
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Treatment of Inflation in Retirement Planning Calculations : An Improved Method
Hanna, Sherman D. - 2017
1. The typical treatment of inflation in retirement planning textbooks is too complex and is not reasonable in terms of … understand projections.5. In calculating the capital needs for retirement, inflation-adjusted rates of return for each step … should be chosen based appropriate portfolio choices for before and after retirement …
Persistent link: https://www.econbiz.de/10012968061
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Consideration of Retirement Income Stages in Planning for Retirement
Kim, Kyoung Tae - 2015
Previous retirement adequacy studies have ignored expected retirement income stages. Ignoring retirement income stages … results in biased estimations of retirement adequacy. This study analyzes retirement income stage theoretically and then … and/or spouse/partner age 35-70 and working full-time will have more than one retirement income stage. When income stages …
Persistent link: https://www.econbiz.de/10013033957
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Which Workers Plan to Retire Late or Never?
Zhang, Lishu - 2013
Little previous research on planned retirement ages has analyzed factors related to whether workers say they will never … retire. This issue is important both in financial planning and in assessments of retirement adequacy. Using the 1995, 1998 … categories of planned retirement age. For the 1995 to 2007 SCF datasets, 14% to 16% of workers stated they would never retire …
Persistent link: https://www.econbiz.de/10013079309
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Factors Related to Saving Behavior among Low-Income Households in the 1995-2007 Survey of Consumer Finances
Heckman, Stuart - 2012
This study explored saving behavior among low-income households through the institutional theory of saving behavior by (1) determining asset differences between saving and non-saving households, (2) exploring factors related to saving behavior, and (3) identifying differences between two saving...
Persistent link: https://www.econbiz.de/10013097790
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Parameter Assumptions in Normative Analyses of Household Financial Decisions
Hanna, Sherman D. - 2012
Normative analyses of household financial decisions typically assume parameters of the household utility function. Some general issues on parameter assumptions for normative analysis are discussed in this study. We review selected normative household analyses appearing in finance and economics...
Persistent link: https://www.econbiz.de/10013097856
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Pure Time Preference or Situational? What Does the Survey of Consumer Finances Planning Horizon Variable Measure?
Hong, Eunice - 2012
Many researchers have examined the influence of the Survey of Consumer Finances (SCF) planning horizon variable on household financial behavior such as saving, assuming that it reflected the pure time preference of respondents. However, it is also possible that the variable reflects respondent...
Persistent link: https://www.econbiz.de/10013100286
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Factors Related to the Financial Vulnerability of Small Business Owner-Manager Households
Ji, HoJun - 2012
We investigate financial vulnerability of households with small business owner managers, using 1992 to 2007 Survey of Consumer Finances datasets. Based on regression analyses of two ratios, business assets to total household assets and business income to total household income, we find that...
Persistent link: https://www.econbiz.de/10013101242
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Negative Net Worth and the Life Cycle Hypothesis
Mountain, Travis - 2012
Life cycle theory is applied to determine which households are more likely to have negative net worth. Negative net worth household characteristics are examined using data from the 1992, 1995, 1998, 2001, 2004, and 2007 Survey of Consumer Finances. Logit Analysis showed households in survey...
Persistent link: https://www.econbiz.de/10013103371
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Quantifying the Economic Benefits of Personal Financial Planning
Hanna, Sherman D. - 2013
To estimate the monetary value of ideal financial planning advice, we address three types of benefits that planners provide: increasing wealth, preventing loss, and smoothing consumption. We discuss, then reject the possibility of using survey data to obtain valid estimates of the benefit of...
Persistent link: https://www.econbiz.de/10013092661