Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth
Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth
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DOI：
10.1016/j.jmoneco.2006.12.001
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发表时间：
2007-01-01
影响因子：
4.1
通讯作者：
Mitchell, Olivia S.
中科院分区：
文献类型：
--
作者：
Lusardi, Annamaria;Mitchell, Olivia S.
我们比较了健康和退休研究中两个群体的财富持有情况：2004年婴儿潮早期的人和1992年同一年龄组的人。随着时间的推移，总资产净值的水平和模式变化相对较小，尽管婴儿潮一代比他们的前辈更依赖住房权益。最重要的是，这两个群体中的计划者在接近退休时拥有更高的财富水平，并且比非计划者表现出更高的金融知识。工具变量估计表明，计划行为可以解释储蓄的差异，以及为什么有些人在接近退休时只有很少或没有财富。(C)2007 Elsevier B.V.保留所有权利。
We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their predecessors. Most important, planners in both cohorts arrive close to retirement with much higher wealth levels and display higher financial literacy than non-planners. Instrumental variables estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with very little or no wealth. (C) 2007 Elsevier B.V. All rights reserved.