Determinants of planned retirement age

Authors

  • Catherine Phillips Montalto Assistant Professor Consumer and Textile Sciences Department, The Ohio State University, 1787 Neil Avenue, Columbus, OH 43210-1295, USA
  • Yoonkyung Yuh Lecturer in Consumer Sciences, 203-Dong 1403-Ho, Hyundai Apartment, Dowha-dong, Mapo-ku, Seoul Korea
  • Sherman Hanna Professor, Consumer and Textile Sciences Department, The Ohio State University, 1787 Neil Avenue, Columbus, OH 43210-1295, USA

DOI:

https://doi.org/10.1016/S1057-0810(00)00052-4

Keywords:

Retirement adequacy, Planned retirement age

Abstract

Determinants of planned retirement age are analyzed. The prediction equation indicates that planned retirement age increases substantially as people get older, and increases somewhat with higher noninvestment income. Social Security reform should recognize that the capacity to continue working and the ability to afford to retire both influence the age at which people plan to retire. The range of planned retirement ages suggests that research on the adequacy of retirement preparation should focus on planned retirement age. Financial planners should consider the finding that planned retirement age increases with age. © 2000 Elsevier Science Inc. All rights reserved.

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Published

2000-03-30

How to Cite

Montalto, C. P., Yuh, Y., & Hanna, S. (2000). Determinants of planned retirement age. Financial Services Review, 9(1), 1–15. https://doi.org/10.1016/S1057-0810(00)00052-4

Issue

Vol. 9 No. 1 (2000): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2000 JAI Press Inc.

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