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2013 Conference

del 10 al 12 de April del 2013

The Benson Hotel, Portland, Oregon

This section lists poster sessions as well as concurrent sessions by day, time, and room. Concurrent sessions have multiple presentations. You may search by title, author names, or keyword. A Schedule-at-a-Glance is posted on the Website and will provide the overview. This is the detail.

How Do U.S. Households Perceive Their Preparedness for Retirement? Perception versus Objective Retirement Adequacy of U.S. Households

jueves, el 11 de abril de 2013 a las 07:00–viernes, el 12 de abril de 2013 a las 14:45 PDT
Poster
Major Area of Focus

Financial Services

Secondary area of focus

Financial Services

Short Abstract

This study starts with the following research question: "Do households perceive being prepared for retirement rationally?” To answer this question, I will extend previous retirement adequacy studies to include the households' perception of being adequately prepared for retirement. This study will assess the projected retirement adequacy of U.S households having different perceptions of being adequately prepared for retirement. Moreover, various factors related to this perceived retirement adequacy will be analyzed.  Lastly, I will observe the trends of perceptions of adequate retirement during 1995-2010. The Survey of Consumer Finances (SCF) datasets from 1995 to 2010 will be used to test the empirical results. The dependent variable is defined as a dichotomous variable with a value equal to 1 if respondents are perceived as having an adequate retirement, otherwise the value is 0.  Logistic regression will be used for multivariate analysis. In order to calculate the projected retirement adequacy of households, I will use the capital accumulation ratio (CAR) as an indicator of retirement adequacy. Means test will be conducted to test differences between the projected (objective) retirement adequacy and their perceptions of being adequately prepared for retirement.

Corresponding Author

[photo]
Kyoung Tae Kim, The Ohio State University
Job Title

PhD Candidate

City & State (or Province & Country)

Columbus, Ohio

Additional Authors

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