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Income trajectories in later life : longitudinal evidence from the health and retirement study

Recurso electrónico / Electronic resource
MAP20220017480
Mitchell, Olivia S.
Income trajectories in later life : longitudinal evidence from the health and retirement study / Olivia S.Mitchell, Robert L.Clark, Annamaria Lusardi
Sumario: We track low-income respondents in the longitudinal Health and Retirement Study for 23 years, to observe how their financial situations unfolded as they aged. We document that (a) real incomes remained relatively stable as individuals entered retirement and progressed through their later years; and (b) labor force participation declined and thus earnings became less important with age, while Social Security and retirement savings rose as a proportion of annual income. Low-income people near retirement also tended to fare poorly during retirement.

En: The Journal of the economics of ageing . - Oxford : Elsevier ScienceDirect, 2021-. - 06/06/2022 Volumen 22 - 2022 , 17 p.
1. Envejecimiento . 2. Jubilación . 3. Educación financiera . I. Clark, Robert L. . II. Lusardi, Annamaria . III. Título.