The Alignment of Household Preferences and Financial Decisions Leading up to Retirement
dc.contributor.author | Carvalho, Leandro | |
dc.contributor.author | Olafsson, Arna | |
dc.contributor.author | Silverman, Dan | |
dc.date.accessioned | 2024-02-27T17:48:58Z | |
dc.date.available | 2024-02-27T17:48:58Z | |
dc.date.issued | 2022-10 | |
dc.identifier.citation | Carvalho, Leandro, Arna Olafsson, Dan Silverman. 2022. “The Alignment of Household Preferences and Financial Decisions Leading up to Retirement.” Ann Arbor, MI. University of Michigan Retirement and Disability Research Center (MRDRC) Working Paper; MRDRC WP 2022-446. https://mrdrc.isr.umich.edu/publications/papers/pdf/wp446.pdf | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/192501 | en |
dc.description.abstract | We report on research that links survey and administrative data to investigate how within-couple differences in preferences and financial decision-making abilities affect household finances. We study whether within-household differences in preferences or financial decision-making abilities influence household choices and, thus, retirement readiness. Initial results indicate that, while individual variation in saving and portfolio preferences and decision-making ability is significantly related to individual variation in financial outcomes, there is only modest evidence that within-household variation in these measures is associated with between-household differences in expenditure, liquidity, and outcomes. | en_US |
dc.description.sponsorship | The Social Security Administration through the Michigan Retirement and Disability Research Center award RDR18000002-01, UM19-10 | en_US |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | MRDRC WP 2022-446 | en_US |
dc.subject | retirement preparation, decision-making | en_US |
dc.title | The Alignment of Household Preferences and Financial Decisions Leading up to Retirement | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationother | University of Southern California | en_US |
dc.contributor.affiliationother | Copenhagen Business School | en_US |
dc.contributor.affiliationother | Arizona State University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/192501/1/wp446.pdf | |
dc.identifier.doi | https://dx.doi.org/10.7302/22406 | |
dc.description.filedescription | Description of wp446.pdf : working paper | |
dc.description.depositor | SELF | en_US |
dc.working.doi | 10.7302/22406 | en_US |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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