Redefining Retirement: How Will Boomers Fare?

by Brigitte Madrian, Olivia S. Mitchell, Beth J. Soldo

Overview

As the leading edge of the "Baby Boom" generation attains age 60, members of this unusually large cohort born 1946-66 are poised to redefine retirement—just as they have restructured educational, housing, and labor markets in prior days. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. Contributors to this volume note that "Boomers" will be better off than their predecessors in many ways, having benefited from the long run-up in housing prices, dramatic improvements in healthcare, and the expanding economy. On the other hand, the generation's sheer size will surely squeeze resources and require new approaches to retirement risk management.

This book offers readers an invaluable and first book-length study of Boomers as they march into retirement. As such, it represents an invaluable addition to the Pension Research Council/Oxford University Press series. It will be especially useful for scholars and policymakers seeking to understand retirement preparedness, to actuaries and tax specialists concerned with retirement system regulation, and to plan sponsors interested in the determinants of work and retirement at older ages.

Product Details

ISBN-13:	9780199230778
Publisher:	Oxford University Press
Publication date:	08/30/2007
Series:	Pension Research Council Series
Pages:	346
Product dimensions:	9.30(w) x 6.20(h) x 1.10(d)

Table of Contents

Part I: Prospects for Baby Boomer RetirementWill Boomers Redefine Retirement?, Olivia S. MitchellCross-Cohort Differences in Retirement Expectations and Realizations, Nicole MaestasThe Sufficiency of Retirement Savings: Comparing Cohorts at the Time of Retirement, Robert Haveman, Karen Holden, Andrei Romanov, and Barbara L. WolfeUnderstanding Baby Boomers' Retirement Prospects, Barbara A. Butrica, Howard M. Iams, and Karen E. SmithPart II: Changing Health Status and Health InsuranceAre Boomers Living Well Longer?, David WeirBaby Boomers vs Their Parents: Economic Well-Being and Health Status, Joyce Manchester, David Weaver, and Kevin WhitmanCross-Cohort Differences in Heath on the Verge of Retirement, Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily, and John F. McCabeHealth Insurance Patterns Nearing Retirement, Helen G. LevyPart III: New Roles for Retirement AssetsThe Impact of Pensions on Non-pension Investment Choices, Leora Friedberg and Anthony WebbMeasuring Pension Wealth, Chris Cunningham, Gary V. Engelhardt, and Anil KumarTrends in Pension Values around Retirement, Michael D. Hurd and Susann RohwedderPension Portfolio Choice and Menu Exposure, Anders Karlsson, Massimo Massa, and Andrei SimonovSaving Between Cohorts: The Role of Planning, Annamaria Lusardi and Jason BeelerRetiring on the House? Cross-Cohort Differences in Housing Wealth, Julia L. Coronado, Dean Maki, and Ben Weitzer