Health, Education, and the Postretirement Evolution of Household Assets
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 conditio...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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University of Chicago Press, The
2015
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| Online Access: | http://hdl.handle.net/1721.1/96163 https://orcid.org/0000-0003-3532-0998 |
| _version_ | 1826206560040255488 |
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| author | Venti, Steven Wise, David A. Poterba, James M. |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Venti, Steven Wise, David A. Poterba, James M. |
| author_sort | Venti, Steven |
| collection | MIT |
| description | 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. |
| first_indexed | 2024-09-23T13:34:52Z |
| format | Article |
| id | mit-1721.1/96163 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:34:52Z |
| publishDate | 2015 |
| publisher | University of Chicago Press, The |
| record_format | dspace |
| spelling | mit-1721.1/961632022-10-01T15:47:22Z Health, Education, and the Postretirement Evolution of Household Assets Venti, Steven Wise, David A. Poterba, James M. Massachusetts Institute of Technology. Department of Economics Poterba, James M. 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. National Institute on Aging (P01 AG005842) United States. Social Security Administration (National Bureau of Economic Research. Grant 5 RRC 0898400-03) United States. Social Security Administration (National Bureau of Economic Research. Grant 10-M-98363-1-01) 2015-03-24T20:11:16Z 2015-03-24T20:11:16Z 2013-12 Article http://purl.org/eprint/type/JournalArticle 19328575 19328664 http://hdl.handle.net/1721.1/96163 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 https://orcid.org/0000-0003-3532-0998 en_US http://dx.doi.org/10.1086/673207 Journal of Human Capital 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. application/pdf University of Chicago Press, The University of Chicago Press |
| spellingShingle | Venti, Steven Wise, David A. Poterba, James M. Health, Education, and the Postretirement Evolution of Household Assets |
| title | Health, Education, and the Postretirement Evolution of Household Assets |
| title_full | Health, Education, and the Postretirement Evolution of Household Assets |
| title_fullStr | Health, Education, and the Postretirement Evolution of Household Assets |
| title_full_unstemmed | Health, Education, and the Postretirement Evolution of Household Assets |
| title_short | Health, Education, and the Postretirement Evolution of Household Assets |
| title_sort | health education and the postretirement evolution of household assets |
| url | http://hdl.handle.net/1721.1/96163 https://orcid.org/0000-0003-3532-0998 |
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