Does Stock Market Performance Influence Retirement Intentions?
Posted: 3 Feb 2013
Date Written: 2012
Abstract
Media 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.
Keywords: stock market, retirement, stock returns
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Effects of the Financial Crisis and Great Recession on American Households
By Michael D. Hurd and Susann Rohwedder
-
Effects of the Financial Crisis and Great Recession on American Households
By Michael D. Hurd and Susann Rohwedder
-
Does Stock Market Performance Influence Retirement Intentions?
By Gopi Shah Goda, John B. Shoven, ...
-
Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
By Dimitris Christelis, Dimitris Georgarakos, ...
-
Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
By Dimitris Christelis, Dimitris Georgarakos, ...
-
Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
By Dimitris Christelis, Dimitris Georgarakos, ...
-
Asset Cycles and the Retirement Decisions of Older Workers
By Jan Ondrich
-
The Potential Impact of the Great Recession on Future Retirement Incomes
By Barbara A. Butrica, W. Richard Johnson, ...