2006, English, Article, Working paper edition: Baby boomer retirement security [electronic resource] : the roles of planning, financial literacy, and housing wealth / Annamaria Lusardi, Olivia S. Mitchell. Lusardi, Annamaria.

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Bookmark: http://trove.nla.gov.au/version/43021001
Published
  • Cambridge, MA : National Bureau of Economic Research, c2006.
Language
  • English

Edition details

Title
  • Baby boomer retirement security : the roles of planning, financial literacy, and housing wealth /​ Annamaria Lusardi, Olivia S. Mitchell.
Author
  • Lusardi, Annamaria.
Other Authors
  • Mitchell, Olivia S.
  • National Bureau of Economic Research
Published
  • Cambridge, MA : National Bureau of Economic Research, c2006.
Medium
  • [electronic resource]
Series
Summary
  • "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"--National Bureau of Economic Research web site.
Notes
  • Title from PDF file as viewed on 10/​13/​2006.
  • Includes bibliographical references.
  • Also available in print.
Technical Details
  • System requirements: Adobe Acrobat Reader.
  • Mode of access: World Wide Web.
Language
  • English
Libraries Australia ID
Contributed by
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