The effect of disability income on retirement decisions and wealth

Terrance K. Martin, Michael A. Guillemette, Fabiola E. Urgel

Research output: Contribution to journalArticle

Abstract

Using the 2008 National Longitudinal Survey of Youth, this study examines the impact of receiving disability income on a respondent’s decision to calculate a retirement income need, use tax-advantaged accounts and accumulate retirement wealth. Respondents who received disability income were 4.4% less likely to report calculating a retirement income need and 4.5% less likely to report using a tax-advantaged account, compared to a reference group of respondents who did not receive disability income. Respondents who received disability income also accumulated 41% less retirement wealth compared to the same reference group.

Original languageEnglish
Pages (from-to)1333-1335
Number of pages3
JournalApplied Economics Letters
Volume25
Issue number19
DOIs
StatePublished - Nov 11 2018

Keywords

  • Disability income
  • retirement income
  • retirement wealth
  • tax-advantaged account

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