Replication data for: Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans
Principal Investigator(s): View help for Principal Investigator(s) Brooke Helppie McFall
Version: View help for Version V1
Name | File Type | Size | Last Modified |
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Programs | 10/26/2021 12:53:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 12/06/2019 10:54:AM |
McFall_Abstract.docx | application/vnd.openxmlformats-officedocument.wordprocessingml.document | 11.2 KB | 12/06/2019 10:54:AM |
McFall_Abstract.pdf | application/pdf | 187 KB | 12/06/2019 10:54:AM |
McFall_Appendix.docx | application/vnd.openxmlformats-officedocument.wordprocessingml.document | 16.9 KB | 12/06/2019 10:54:AM |
McFall_Appendix.pdf | application/pdf | 663.9 KB | 12/06/2019 10:54:AM |
mcfall_cover_sheet_2011-01-17.docx | application/vnd.openxmlformats-officedocument.wordprocessingml.document | 11.7 KB | 12/06/2019 10:54:AM |
mcfall_cover_sheet_2011-01-17.pdf | application/pdf | 6 KB | 12/06/2019 10:54:AM |
mcfall_p-p_2011_final.docx | application/vnd.openxmlformats-officedocument.wordprocessingml.document | 41.9 KB | 12/06/2019 10:54:AM |
mcfall_p-p_2011_final.pdf | application/pdf | 479.7 KB | 12/06/2019 10:54:AM |
Project Citation:
Helppie McFall, Brooke. Replication data for: Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116093V1
Project Description
Summary:
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This study uses data from pre- and post-crash surveys from the Cognitive Economics study to examine the impact of recent stock and labor market wealth losses on the planned retirement ages of older Americans. Regression estimates imply that the average wealth loss between July 2008 and May/June 2009 is associated with an increase in planned retirement age of approximately 2.5 months. Furthermore, pessimism about future stock market returns is found to amplify the impact of wealth losses on retirement timing.
Scope of Project
Subject Terms:
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older adult;
ficial loss;
great recession;
retirement;
wealth shock
JEL Classification:
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D14 Household Saving; Personal Finance
E12 General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
J26 Retirement; Retirement Policies
D14 Household Saving; Personal Finance
E12 General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
J26 Retirement; Retirement Policies
Geographic Coverage:
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United States
Time Period(s):
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3/1/2008 – 9/1/2009
Universe:
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Older adults in the United States.
Data Type(s):
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survey data
Methodology
Data Source:
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Cognitive Economics Study, 2008 and 2009 public use datasets. Produced and distributed by the University of Michigan with funding from the National Institute on Aging (grant number NIA P01 AG026571), Ann Arbor, MI, (2011). https://ebp-projects.isr.umich.edu/CogEcon/surveys.html
Unit(s) of Observation:
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Individuals,
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