Asset rundown after retirement: the importance of rate of return shocks

Olesya Baker, Phil Doctor and Eric French

Economic Perspectives, 2007, vol. 31, issue Q II, 48-65

Abstract: The authors provide evidence that households run down their assets after retirement by tracking a group of elderly households over the 1996?2004 period. They find that assets decline for these households approaching the end of the life cycle. Had there not been a run-up in asset prices due in large part to a historically remarkable rise in housing prices, assets would have declined even faster.

Keywords: Retirement; Investments; Business cycles (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (7)

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