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ERIC Number: EJ999684
Record Type: Journal
Publication Date: 2012
Pages: 27
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0022-166X
Does Stock Market Performance Influence Retirement Intentions?
Goda, Gopi Shah; Shoven, John B.; Slavov, Sita Nataraj
Journal of Human Resources, v47 n4 p1055-1081 Fall 2012
Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions. (Contains 3 figures, 7 tables, and 9 footnotes.)
University of Wisconsin Press. 1930 Monroe Street, Madison, WI 53711-2059. Tel: 608-263-0668; Fax: 608-263-1173; e-mail: journals@uwpress.wisc.edu; Web site: http://www.wisc.edu/wisconsinpress/journals
Publication Type: Journal Articles; Reports - Research
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A