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dc.contributor.authorLusardi, Annamaria
dc.date.accessioned2007-04-25T16:45:46Z
dc.date.available2007-04-25T16:45:46Z
dc.date.issued2003-10
dc.identifier.urihttps://hdl.handle.net/2027.42/50558
dc.description.abstractThe responsibility to save and contribute to a pension is increasingly left to the individual worker. Understanding how households save and prepare for retirement is of paramount importance. There is concern in the U.S. that many families have little or no wealth even close to retirement. In this project, I use data from the Health and Retirement Study (HRS), a nationally representative sample of the cohort born between 1931 to 1941, to examine the financial situation of older households and their retirement plans. I first show that many families have not thought about retirement even though they are a few years away from retirement and the event is imminent. This finding confirms the results of other surveys, such as the Retirement Confidence Survey, that show that a large majority of workers have not made any plans for retirement.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent434042 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 2003-061en
dc.titleThe Impact of Financial Education on Savings and Asset Allocationen
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherDartmouth Collegeen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50558/1/wp061.pdfen_US
dc.owningcollnameRetirement Research Center, Michigan (MRRC)


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