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Journal Article

Individuals' uncertainty about future social security benefits and portfolio choice

Authors

Publication date

2011

Summary

 Little is known about the degree to which individuals are uncertain
about their future Social Security benefits, how this varies within the
US population, and whether this uncertainty influences financial
decisions related to retirement planning. To illuminate these issues, we
present empirical evidence from the Health and Retirement Study
Internet Survey and document systematic variation in respondents'
uncertainty about their future Social Security benefits by individual
characteristics. We find that respondents with higher levels of
uncertainty about future benefits hold a smaller share of their wealth
in stocks. Copyright © 2011 John Wiley & Sons, Ltd.

Published in

Journal of Applied Econometrics

Volume and page numbers

26 , 498 -519

DOI

http://dx.doi.org/10.1002/jae.1235

ISSN

16

Subjects

Welfare Benefits and Survey Methodology

Links

http://serlib0.essex.ac.uk/record=b1609785~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#521253


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