Replication data for: Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans

Principal Investigator(s):  View help for Principal Investigator(s) Brooke Helppie McFall

Version:  View help for Version V1

Name File Type Size Last Modified
  Programs 10/26/2021 12:53:PM
LICENSE.txt text/plain 14.6 KB 12/06/2019 10:54:AM
McFall_Abstract.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 11.2 KB 12/06/2019 10:54:AM
McFall_Abstract.pdf application/pdf 187 KB 12/06/2019 10:54:AM
McFall_Appendix.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 16.9 KB 12/06/2019 10:54:AM
McFall_Appendix.pdf application/pdf 663.9 KB 12/06/2019 10:54:AM
mcfall_cover_sheet_2011-01-17.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 11.7 KB 12/06/2019 10:54:AM
mcfall_cover_sheet_2011-01-17.pdf application/pdf 6 KB 12/06/2019 10:54:AM
mcfall_p-p_2011_final.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 41.9 KB 12/06/2019 10:54:AM
mcfall_p-p_2011_final.pdf application/pdf 479.7 KB 12/06/2019 10:54:AM

Project Citation: 

Helppie McFall, Brooke. Replication data for: Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116093V1

Project Description

Summary:  View help for Summary This study uses data from pre- and post-crash surveys from the Cognitive Economics study to examine the impact of recent stock and labor market wealth losses on the planned retirement ages of older Americans. Regression estimates imply that the average wealth loss between July 2008 and May/June 2009 is associated with an increase in planned retirement age of approximately 2.5 months. Furthermore, pessimism about future stock market returns is found to amplify the impact of wealth losses on retirement timing.

Scope of Project

Subject Terms:  View help for Subject Terms older adult; ficial loss; great recession; retirement; wealth shock
JEL Classification:  View help for JEL Classification
      D14 Household Saving; Personal Finance
      E12 General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
      J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
      J26 Retirement; Retirement Policies
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 3/1/2008 – 9/1/2009
Universe:  View help for Universe Older adults in the United States.
Data Type(s):  View help for Data Type(s) survey data

Methodology

Data Source:  View help for Data Source Cognitive Economics Study, 2008 and 2009 public use datasets. Produced and distributed by the University of Michigan with funding from the National Institute on Aging (grant number NIA P01 AG026571), Ann Arbor, MI, (2011). https://ebp-projects.isr.umich.edu/CogEcon/surveys.html
Unit(s) of Observation:  View help for Unit(s) of Observation Individuals,

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Published Versions

V1 [2019-12-06]

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