Baby boomer retirement security
Subtitle: the roles of planning, financial literacy, and housing wealth
By: Annamaria Lusardi, Olivia S. Mitchell
Contributors: Mitchell, Olivia S.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12585; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12585.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992.  Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their predecessors.  Most important, planners in both cohorts arrive close to retirement with much higher wealth levels and display higher financial literacy than non-planners.  Instrumental variables estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with very little or no wealth"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 10/13/2006.

Includes bibliographical references.

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