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Open Access. Powered by Scholars. Published by Universities.®

2010

Retirement

Articles 1 - 10 of 10

Full-Text Articles in Social and Behavioral Sciences

Black-White Differences In Wealth Accumulation Among Americans Nearing Retirement, Eun Hyei Shin Dec 2010

Black-White Differences In Wealth Accumulation Among Americans Nearing Retirement, Eun Hyei Shin

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Using data from the 2006 Health and Retirement Study (HRS), this study examines what types of assets and levels of savings are held by Black near-retirees, while comparing how types of assets and levels of savings of Black near-retirees differ from those of White near-retirees. Through the use of multivariate analyses, this study further investigates the effects of being Black on the levels of savings, the likelihood of holding IRAs, and the likelihood of being financially prepared for retirement. The study sample includes 4,077 individuals between the ages of 51 and 64, and the subsamples consist of 680 Black and …

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The Effects Of Childbearing Patterns On The Timing Of Retirement, Hsiao-Yin Chung Dec 2010

The Effects Of Childbearing Patterns On The Timing Of Retirement, Hsiao-Yin Chung

Graduate Doctoral Dissertations

The effects of childbearing patterns on the timing of men's and women's retirement were examined. The data for this study come from the Health and Retirement Study, waves 1-7: 1992, 1994, 1996, 1998, 2000, 2002, and 2004. A proportional hazard model (Cox regression) was chosen for this study. Two measures of retirement were considered: labor force exit and self-defined retirement. The results indicated that men with dependent children are more likely to postpone the timing of labor force exit and their self-definition as retired. At the same time, the study indicated that the presence (or absence) and timing of early …

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Income And Life Satisfaction Among Voluntary Vs. Involuntary Retirees, Lauren Elizabeth Baxter Aug 2010

Income And Life Satisfaction Among Voluntary Vs. Involuntary Retirees, Lauren Elizabeth Baxter

Masters Theses

This field study examined relationships of income and life satisfaction among retirees, their perceptions of whether their decisions to retire were voluntary or involuntary, and their stated reasons for retiring: “push” (to exit unsustainable work situations) or “pull” (to pursue more attractive options). Based on prior research, hypotheses predicted that voluntary / involuntary choice would moderate the relationship of income and life satisfaction, and that the relationship would vary as a function of "push" vs. "pull" reasons for retiring. A screened, national sample of 1,043 U.S. retirees completed an online survey that assessed satisfaction with multiple life domains, reason for …

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A Theory Of Socioeconomic Disparities In Health Over The Life Cycle, Titus Galama, Hans Van Kippersluis Jun 2010

A Theory Of Socioeconomic Disparities In Health Over The Life Cycle, Titus Galama, Hans Van Kippersluis

Titus Galama

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a sufficiently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that incorporates multiple mechanisms explaining (jointly) a large part of the observed disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a subsequent narrowing with age of the gradient in health by SES.

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Collective Investments For Pension Savings: Lessons From Singapore's Central Provident Fund Scheme, Benedict S. Koh, Olivia S. Mitchell, Joelle H. Y. Fong May 2010

Collective Investments For Pension Savings: Lessons From Singapore's Central Provident Fund Scheme, Benedict S. Koh, Olivia S. Mitchell, Joelle H. Y. Fong

Research Collection Lee Kong Chian School Of Business

Singapore's mandatory national defined contribution pension system permits participants to invest their retirement savings in a wide range of investment instruments if they wish, rather than leaving their savings in Central Provident Fund (CPF) accounts to earn interest rates by default. This article asks whether workers seeking to earn higher returns can expect to do better than the CPF-managed default, by moving their money into professionally managed unit trusts. We use historical data to investigate whether fund managers possess superior stock picking and market timing skills, as well as whether they exhibit persistence in performance and offer diversification benefits to …

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Creating Retirement Paths: Examples From The Lives Of Women, Christine A. Price, Olena Nesteruk Apr 2010

Creating Retirement Paths: Examples From The Lives Of Women, Christine A. Price, Olena Nesteruk

Department of Family Science and Human Development Scholarship and Creative Works

Through in-depth interviews with 40 retired women diverse in age, marital status, ethnicity, income, and occupational background, we explored how women experience retirement. Following our analysis, we identified five retirement pathways: family-focused, service-focused, recreation-focused, employment-focused, and disenchanted retirements. These pathways represent dominant activities and interests at the time the women were interviewed and challenge the cultural portrayal of retirement as an unvarying life stage. The participants' narratives provide a glimpse into the pathways retired women create by revealing the complexity of later life and the changing nature of retirement.

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2010-2 Private Pensions, Retirement Wealth And Lifetime Earnings, James C. Macgee, Jie Zhou Jan 2010

2010-2 Private Pensions, Retirement Wealth And Lifetime Earnings, James C. Macgee, Jie Zhou

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

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What The Stock Market Decline Means For The Financial Security And Retirement Choices Of The Near-Retirement Population, Alan L. Gustman, Thomas L. Steinmeier, Nahid Tabatabai Jan 2010

What The Stock Market Decline Means For The Financial Security And Retirement Choices Of The Near-Retirement Population, Alan L. Gustman, Thomas L. Steinmeier, Nahid Tabatabai

Dartmouth Scholarship

This paper investigates the effect of the current recession on the retirement age population. Data from the Health and Retirement Study suggest that those approaching retirement age (early boomers ages 53 to 58 in 2006) have only 15.2 percent of their wealth in stocks, held directly or in defined contribution plans or IRAs. Their vulnerability to a stock market decline is limited by the high value of their Social Security wealth, which represents over a quarter of the total household wealth of the early boomers. In addition, their defined contribution plans remain immature, so their defined benefit plans represent sixty …

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Dementia And Driving Retirement: Making Decisions, Catherine Andrew, Victoria Traynor, Donald Iverson Jan 2010

Dementia And Driving Retirement: Making Decisions, Catherine Andrew, Victoria Traynor, Donald Iverson

Faculty of Health and Behavioural Sciences - Papers (Archive)

To identify appropriate elements to include in a decisional support resource which may enhance acceptance of potential driving retirement for drivers with dementia.

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Diversification Across Time, Ian Ayres, Barry Nalebuff Dec 2009

Diversification Across Time, Ian Ayres, Barry Nalebuff

Ian Ayres

By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that early leverage combined with reduced equity exposure when older can reduce lifetime portfolio risk. For example, an initially-leveraged portfolio can produce the same mean accumulation as a constant 75% stock allocation with a 21% smaller standard deviation. Since the mean accumulation is the same, the reduction in volatility does not depend on the equity premium. A leveraged lifecycle strategy can also allow investors to come closer to their utility-maximizing allocation. If risk …

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