Does Stock Market Performance Influence Retirement Intentions?

Gopi Goda, John B. Shoven and Sita Slavov

No 16211, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions.

JEL-codes: J14 J26 (search for similar items in EconPapers)
Date: 2010-07
Note: AG PE
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Citations: View citations in EconPapers (7)

Published as Gopi Shah Goda & John B. Shoven & Sita Nataraj Slavov, 2012. "Does Stock Market Performance Influence Retirement Intentions?," Journal of Human Resources, University of Wisconsin Press, vol. 47(4), pages 1055-1081.

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