Determinants of planned retirement age

Financial Services Review 01/2000; 9(1):1-15. DOI: 10.1016/S1057-0810(00)00052-4
Source: RePEc

ABSTRACT The tradeoff between risk and return in equity markets is well established. This paper examines the existence of the same tradeoff in the single-family housing market. For home buyers, who constitute about two-thirds of U.S. households, the choice about how much housing and which house to buy is a joint consumption/investment decision. Does this consumption/investment link negate the risk/return tradeoff within the single-family hosuing market? Theory suggests the link still holds. This paper supplies empirical evidence in support of that theoretical result.

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    ABSTRACT: Purpose ‐ The purpose of this paper is to explore the extent to which perceived financial preparedness, social retirement anxieties, and level of income influence mature aged workers' preferences to enter different retirement employment options within the contingent and the flexible work arrangements (FWA) types of bridge employment. Design/methodology/approach ‐ Data for this study was collected in 2008 using a questionnaire with 31 items. A total of 144 mature aged workers from multiple firms, aged 50 years and over, working full-time, in the construction industry participated in the study. The collected data was analysed using correlation and regression analyses. Findings ‐ The results indicate that the study variables have positive and negative influences on pre-retirees' preference for the retirement employment options within the contingent and the FWA bridge employment. It was also found that while income failed to moderate, social retirement anxieties did significantly moderate the relationship between perceived financial preparedness and the different employment options within the contingent bridge employment. Practical implications ‐ This study clearly provides practitioners and career counsellors a new insight that the work and non-work predictors for the retirement employment options within each of the contingent and the FWA bridge employments vary between factors of perceived financial preparedness, social retirement anxieties and level of income. Originality/value ‐ In contradiction to the existing literature that "comfortable" social retirement adjustment as a determinant for bridge employment, this study's findings revealed that if pre-retirees perceive that they are not adequately financially prepared for retirement, they would opt for bridge employment irrespective of levels of social retirement anxieties.
    Personnel Review 01/2013; 42(2). DOI:10.1108/00483481311309375 · 0.70 Impact Factor
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    ABSTRACT: This study examines the divergence between objective and subjective assessment of retirement adequacy, analyzing U.S. households with a full-time worker age 35 to 60 in the 2010 Survey of Consumer Finances. Of those households, 58% have objective inadequacy, and 54% have subjective inadequacy, but only 52% have objective/subjective consistency. Our focus is on households with objective inadequacy, and what factors were related to being an optimist despite having objective retirement inadequacy. A logistic regression shows that households with defined benefit plans and with defined contribution plans are less realistic than those without plans, and as age increases, realism decreases. Full manuscript is available at:
    Financial Services Review 05/2015;
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    ABSTRACT: This research contributes knowledge regarding the options of early, normal, or delayed receipt of Social Security retirement benefits and research-based findings regarding women's expected and actual timing of election of Social Security retirement benefits. First, descriptive analyses of alternative retirement options, based on Social Security retirement benefit rules, are provided. Second, the 2000, 2002, 2004, and 2006 waves of Health and Retirement Study (HRS) data are used to analyze women's anticipated and actual election of Social Security retirement benefits. Third, based on these considerations, recommendations are made regarding Social Security retirement benefit receipt alternatives.
    Journal of Women & Aging 10/2013; 25(4):321-336. DOI:10.1080/08952841.2013.816219 · 0.58 Impact Factor