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    Market performance and the timing of retirement

    Yao, Rui
    Park, Eric
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    [PDF] MarketPerformanceTimingRetirement.pdf (327.0Kb)
    Date
    2012
    Format
    Postprint
    Article
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    Abstract
    This study is the first to utilize nine interview waves of the Health and Retirement Study and multilevel discrete-time survival analysis to investigate the effect of market returns on individual elective retirement decisions. Individuals who retire at a market peak have an increased risk of shortening the longevity of their retirement income. Unfortunately, market returns were found to have a significant positive effect on the probability of retirement. Researchers, employers, financial educators and financial practitioners should help pre-retirees overcome the stock market’s influence on their decision-making to avoid the negative effect of market sequencing on their retirement wealth.
    URI
    https://hdl.handle.net/10355/62741
    Citation
    Original: Yao, R., & Park, E. (2012). Market performance and the timing of retirement. Journal of Personal Finance, 11(1), 10-48.
    Rights
    OpenAccess.
    This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
    Collections
    • Personal Financial Planning faculty publications and presentations (MU)
    • Faculty Research, Scholarship, and Creative Works (MU)
    • Yao, Rui publications (MU)

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