Tuesday, March 18, 2014

New issue brief: “Do Longevity Expectations Influence Retirement Plans?”

The Center for Retirement Research at Boston College has released a new Issue in Brief:

“Do Longevity Expectations Influence Retirement Plans?”

By Mashfiqur R. Khan, Matthew S. Rutledge, and April Yanyuan Wu

The brief’s key findings are:

  • Workers who think they have excellent chances of living to ages 75 and 85 plan to work longer than those who think their chances are poor.
  • These perceptions of life expectancy also influence workers’ actual retirement behavior, though to a lesser degree.
  • These results are consistent with the notion that while workers who expect to live longer plan to retire later, actual behavior is influenced by unexpected shocks.
This brief is available here.

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