Chapter

Family Status Transitions, Latent Health, and the Post-Retirement Evolution of Assets

Edited by James M. Poterba, Steven F. Venti and David A. Wise

in Explorations in the Economics of Aging

Published by University of Chicago Press

Published in print May 2011 | ISBN: 9780226903378
Published online February 2013 | e-ISBN: 9780226903385 | DOI: http://dx.doi.org/10.7208/chicago/9780226903385.003.0002
Family Status Transitions, Latent Health, and the Post-Retirement Evolution of Assets

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This chapter focuses on the accumulation of assets in retirement saving accounts, and the implications of retirement saving for the financial circumstances of those that will be retiring in the future. The implications are profound. This chapter redirects attention from the accumulation phase to the use of accumulated assets in later life. This redirection is a natural evolution of research agenda, as 401(k)-type plans have matured. The initial work on asset drawdown suggests that accumulated assets, including both housing equity and retirement accounts, tend to be conserved for transitional life events, such as adverse health changes, widowhood, or nursing home entry. This chapter aims to analyze more carefully these relationships.

Keywords: retirement; assets; Health and Retirement Study; post-retirement; family status; latent health

Chapter.  17745 words.  Illustrated.

Subjects: Public Economics

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