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dc.contributor.authorMitchell, Olivia S.
dc.contributor.authorPhillips, John W. R.
dc.contributor.authorAu, Andrew
dc.contributor.authorMcCarthy, David
dc.date.accessioned2007-04-25T18:36:19Z
dc.date.available2007-04-25T18:36:19Z
dc.date.issued2003-06
dc.identifier.urihttps://hdl.handle.net/2027.42/50568
dc.description.abstractThis paper explores how earnings variability is related to retirement wealth. Past research has demonstrated that the average American household on the verge of retirement would need to save substantially more, in order to preserve consumption flows in old age. While several socioeconomic factors have been examined that might explain such problems, prior studies have not assessed the role of earnings variability over the lifetime as a potential explanation for poor retirement prospects. Thus two workers having identical levels of average lifetime earnings might have had very different patterns of earnings variability over their lifetimes. Such differences could translate into quite different retirement wealth outcomes. This paper evaluates the effect of earnings variability on retirement wealth using information supplied by respondents to the Health and Retirement Study (HRS). This is a rich and nationally representative dataset on Americans on the verge of retirement, with responses linked to administrative records from the Social Security Administration. Our research illuminates the key links between lifetime earnings variability and retirement wealth.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent274547 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 2003-051en
dc.titleLifetime Earnings Variability and Retirement Wealthen
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherUniversity of Pennsylvaniaen
dc.contributor.affiliationotherOxford Universityen
dc.contributor.affiliationotherSocial Security Administrationen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50568/1/wp051.pdfen_US
dc.owningcollnameRetirement Research Center, Michigan (MRRC)


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