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2014 Conference

del 9 al 11 de April del 2014

Intercontinental, Milwaukee, WI

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Changes in Retirement Expectations of U.S. Households During the Great Recession: Evidence from the 2007-2009 Survey of Consumer Finances Panel Dataset

viernes, el 11 de abril de 2014 a las 10:45–12:15 CDT
Salon 3
Short Abstract

This study examines the effect of Great Recession on the retirement expectation of U.S. households with a full-time worker aged 35 to 60 by employing the 2007-2009 Survey of Consumer Finances (SCF) panel dataset.  About 77% of households changed their retirement expectations during the survey period; 41% of households answered earlier expected retirement ages while 36% of households in 2009 gave an expected retirement age later than the age they had given in 2007.  A logistic regression model is utilized to test the effect of our selected independent variables on the likelihood to delay expected retirement.  Being a self-employed and ownership of a defined contribution plan are positively related to the likelihood of expecting delayed retirement.

First & Corresponding Author

Kyoung Tae Kim, MS, kim.1970@osu.edu

Add'l Authors In The Order To Be Printed

Sherman Hanna, Ph.D., Ohio State University
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