The effect of health on retirement savings among older workers

Yat Sang Lum, Elizabeth Lightfoot

Research output: Contribution to journalArticlepeer-review

22 Scopus citations

Abstract

Using data from the first wave of the Health and Retirement Study, the authors investigated the association between health and retirement saving. The two most important findings were that (1) health has a large, significant effect on both the probability that a person nearing retirement age will contribute to an IRA and the amount of money that a person will hold in IRAs, and (2) a spouse's health has a large, significant effect on a person's access to an employer-sponsored pension, the probability that a person will contribute to an IRA, and the amount of money held in an IRA.

Original languageEnglish (US)
Pages (from-to)31-44
Number of pages14
JournalSocial Work Research
Volume27
Issue number1
DOIs
StatePublished - Mar 2003

Keywords

  • Health
  • IRAs
  • Pensions
  • Retirement saving
  • Social security reform

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