Health, Education, and the Postretirement Evolution of Household Assets
Name
Poterba_Health education.pdf
Size
551.78 KB
Format
Adobe PDF
Checksum (MD5)
633b90bcb74fc614aaab8a7bf3d6f68d
Author(s)
Venti, Steven
Wise, David A.
Poterba, James M.
Date Issued
December 2013
Journal
Journal of Human Capital
Publisher
University of Chicago Press, The
Citation
Poterba, James, Steven Venti, and David A. Wise. “Health, Education, and the Postretirement Evolution of Household Assets.” Journal of Human Capital 7, no. 4 (December 2013): 297–339. © 2013 The University of Chicago
Version
Final published version
Abstract
We explore the relationship between education and the evolution of wealth after retirement. Asset growth following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are strongly related to educational attainment. These “initial conditions” at retirement can have a lingering effect on subsequent asset evolution. We aim to disentangle the effects of education that operate through health and financial pathways prior to retirement from the effects of education that impinge directly on asset evolution after retirement. We find a substantial effect of education on asset growth through each of the pathways.
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1086/673207
