The Great Recession and Faculty Retirement Plans, Attitudes, and Expectations: Evidence from Selected Kansas Regents Faculty

Kathleen Arano and Carl Parker
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Kathleen Arano: Indiana University Southeast
Carl Parker: Fort Hays State University

Journal of Economic Insight, 2014, vol. 40, issue 2, 83-96

Abstract: The current financial environment resulting from the great recession of 2008 has impacted various segments of the labor force. This paper presents one of the first attempts to examine expected retirement age and allocation of retirement assets of a homogenous group of near retirees of university faculty following the great recession. The results provide insights to the significance of financial variables in explaining expected retirement age in a period of increased overall uncertainty in the economic environment. There is evidence of a slightly stronger substitution effect with respect to current income (delays retirement) while results with respect to retirement wealth are mixed.

JEL-codes: J10 J26 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:40:y:2014:i:2:p:83-96

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