dc.contributor.author | Yao, Rui | eng |
dc.contributor.author | Park, Eric | eng |
dc.contributor.deptlab | Personal Financial Planning | eng |
dc.date.issued | 2012 | eng |
dc.description | Postprint. | eng |
dc.description.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. | eng |
dc.description.bibref | Includes bibliographical references. | eng |
dc.format.extent | 41 pages | eng |
dc.identifier.citation | Original: Yao, R., & Park, E. (2012). Market performance and the timing of retirement. Journal of Personal Finance, 11(1), 10-48. | eng |
dc.identifier.uri | https://hdl.handle.net/10355/62741 | |
dc.language | English | eng |
dc.rights | OpenAccess. | eng |
dc.rights.license | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License. | eng |
dc.subject | Behavioral finance ; Retirement behavior ; Market sequencing ; Projection bias ; Health and Retirement Study | eng |
dc.title | Market performance and the timing of retirement | eng |
dc.type | Postprint | eng |
dc.type | Article | eng |