Can the drawdown patterns of earlier cohorts help predict boomers' behavior?

Siliciano, Robert L., and Gal Wettstein. “Can the drawdown patterns of earlier cohorts help predict boomers' behavior?”. CRR WP 2021-11, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2021. http://hdl.handle.net/2345/bc-ir:109264.
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Abstract

Past generations drew down their wealth slowly in retirement, leaving much of their savings untouched. However, this pattern may not hold as the Baby Boomer generation retires, because they are less likely to have a defined benefit (DB) plan and will need to tap the assets in their defined contribution (DC) plans to support their consumption. This paper uses data from the Health and Retirement Study to estimate the relationship between access to DB plans and the speed at which past generations drew down their wealth.

Title
Can the drawdown patterns of earlier cohorts help predict boomers' behavior?
Author
Siliciano, Robert L.
Wettstein, Gal
Center
Center for Retirement Research
Genre
working paper
Date Issued
September 2021
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2021-11
Persistent Link
http://hdl.handle.net/2345/bc-ir:109264
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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