The Effects of the Economic Crisis on the Older Population
dc.contributor.author | Hurd, Michael D. | |
dc.contributor.author | Rohwedder, Susann | |
dc.date.accessioned | 2010-11-30T17:32:04Z | |
dc.date.available | 2010-11-30T17:32:04Z | |
dc.date.issued | 2010-11 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/78348 | |
dc.description.abstract | We study the effects of the 2007-2009 recession on the population age 55 and older. Households in and near retirement have suffered sizeable losses in assets as a result of the economic crisis. There are a number of ways in which households might respond: reduce spending and with that increase saving, work longer, and/or bequeath less. Using longitudinal data from the Health and Retirement Study and its supplemental surveys, we find that all of these adjustments have been important. | en_US |
dc.description.sponsorship | Social Security Administration | en_US |
dc.format.extent | 142886 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2010-231 | en_US |
dc.subject | WP 2010-231 | en_US |
dc.title | The Effects of the Economic Crisis on the Older Population | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | RAND, NETSPAR, NBER and MEA | en_US |
dc.contributor.affiliationum | RAND and NETSPAR | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/78348/1/wp231.pdf | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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