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http://hdl.handle.net/10419/25486
  

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dc.contributor.authorLusardi, Annamariaen_US
dc.contributor.authorMitchell, Olivia S.en_US
dc.date.accessioned2006-10-11en_US
dc.date.accessioned2009-07-24T13:48:00Z-
dc.date.available2009-07-24T13:48:00Z-
dc.date.issued2006en_US
dc.identifier.piurn:nbn:de:hebis:30-33268-
dc.identifier.urihttp://hdl.handle.net/10419/25486-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2006/20en_US
dc.subject.jelD91en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordWealth Holdingsen_US
dc.subject.keywordHousing Wealthen_US
dc.subject.keywordLack of Planningen_US
dc.subject.keywordLiteracyen_US
dc.subject.keywordCohortsen_US
dc.subject.stwAlterssicherungen_US
dc.subject.stwVermögensbildungen_US
dc.subject.stwImmobilienen_US
dc.subject.stwPlanungen_US
dc.subject.stwAnlageverhaltenen_US
dc.subject.stwUSAen_US
dc.titleBaby boomer retirement security: The roles of planning, financial literacy, and Housing wealthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn518561402en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cfswop:200620-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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