TY  - JOUR
AU  - Goda,Gopi Shah
AU  - Shoven,John B.
AU  - Slavov,Sita Nataraj
TI  - Does Stock Market Performance Influence Retirement Intentions?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 16211
PY  - 2010
Y2  - July 2010
UR  - http://www.nber.org/papers/w16211
L1  - http://www.nber.org/papers/w16211.pdf
N1  - Author contact info:
Gopi Shah Goda
Stanford University
SIEPR
366 Galvez St.
Stanford, CA 94305
Tel: 650/736-0480
Fax: 650/723-8611
E-Mail: gopi@stanford.edu

John B. Shoven
Department of Economics
579 Serra Mall at Galvez Street
Stanford, CA 94305-6015
Tel: 650/723-3273
Fax: 650/723-8611
E-Mail: shoven@stanford.edu

Sita Slavov
Department of Economics
Occidental College
1600 Campus Road
Los Angeles, CA 90041
Tel: 323/259-1461
E-Mail: sslavov@oxy.edu
AB  - Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions.
ER  -