The Sufficiency of Retirement Savings: A Comparison of Two Cohorts of Retired Workers at the Time of Retirement
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Haveman, Robert
Holden, Karen
Wolfe, Barbara
Romanov, Andrei
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Working paper
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Abstract
This paper compares the savings adequacy of two groups of
retirees, one of people who retired in 1980-81, the other of
people retiring 20 years after that. The results suggest that
single people and those with low education and skills and
periods of unemployment are the most likely to not have enough
savings for retirement.