Individuals' uncertainty about future social security benefits and portfolio choice

Adeline Delavande, Susann Rohwedder

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)498-519
Number of pages22
JournalJournal Of Applied Econometrics
Volume26
Issue number3
DOIs
Publication statusPublished - 1 Apr 2011

Fingerprint Dive into the research topics of 'Individuals' uncertainty about future social security benefits and portfolio choice'. Together they form a unique fingerprint.

Cite this