The effect of disability income on retirement decisions and wealth

Terrance K. Martin, Michael A. Guillemette and Fabiola E. Urgel

Applied Economics Letters, 2018, vol. 25, issue 19, 1333-1335

Abstract: Using the 2008 National Longitudinal Survey of Youth, this study examines the impact of receiving disability income on a respondent’s decision to calculate a retirement income need, use tax-advantaged accounts and accumulate retirement wealth. Respondents who received disability income were 4.4% less likely to report calculating a retirement income need and 4.5% less likely to report using a tax-advantaged account, compared to a reference group of respondents who did not receive disability income. Respondents who received disability income also accumulated 41% less retirement wealth compared to the same reference group.

Date: 2018
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DOI: 10.1080/13504851.2017.1420874

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