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dc.contributor.authorHurd, Michael D.
dc.contributor.authorRohwedder, Susann
dc.date.accessioned2007-02-12T22:25:54Z
dc.date.available2007-02-12T22:25:54Z
dc.date.issued2006-10
dc.identifier.urihttps://hdl.handle.net/2027.42/49392
dc.description.abstractThis study finds that on average those just past the usual retirement age are adequately prepared for retirement in that they will be able to follow a path of consumption that begins at their current level of consumption and then follows an age-pattern similar to that of current retirees. That pattern is similar to what would be found from a theoretically derived and estimated life-cycle model. Thus we do not find inadequate preparation for retirement on average or even at the median. This is not true, however, for all groups in the population. In particular, singles lacking a high school education are likely to be forced to reduce consumption: some 62% would have died with negative wealth had they followed the consumption path given by our data. Future research will show the extent to which this percentage is over-estimated because we did not account for differential mortality.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent150958 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP 2006-132en
dc.titleAlternative Measures of Replacement Rates.en
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumUniversity of Michigan Retirement Research Centeren
dc.contributor.affiliationumInstitute for Social Research
dc.contributor.affiliationotherRANDen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/49392/1/wp132.pdfen_US
dc.owningcollnameRetirement Research Center, Michigan (MRRC)


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