Article

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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May 20, 2014