The Economic Crisis and Retirement Income
Policy research grant
Workers nearing retirement age are one of the groups most directly affected by the current economic crisis. This research examines the impact of economic fluctuations around the time of retirement on the well-being of retirees well past their exit from the labor force. The authors will consider the impact on well-being of shocks to the financial system that lower investment returns and labor market shocks that increase the chance of unemployment around the time of retirement. The analysis will use microdata from the 2000 United States Census augmented with additional microdata from the 2001 through 2007 American Community Surveys (ACS) for the sample of workers who are between the ages of 70 and 79 in these surveys.