Journal of Family and Economic Issues

, Volume 36, Issue 4, pp 593–605 | Cite as

The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households

  • Aylit Tina RommEmail author
Original Paper


This paper used seven waves of data from the US Health and Retirement Study to investigate the impact of expectations regarding the timing of retirement on pre-retirement wealth accumulation of married households. More specifically, the effect of married individuals’ subjective beliefs of working full time after age 62 on household wealth was analyzed. Individuals’ perceptions of the usual retirement age on the job was used as an instrument for their subjective beliefs of working full time after age 62. On a whole, the point estimates suggested that the responsiveness of married mens’ saving behavior to retirement dates expectations was larger than that of married women. In particular, wealth of married households where men had the bargaining power in terms of being sole earners, exhibited the largest decrease in response to increases in subjective probabilities of working past age 62.


Retirement date Subjective beliefs Wealth 

JEL Classification

E21 J26 



The author would like to thank Economic Research Southern Africa for financial support.


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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.School of Economics and Business SciencesUniversity of the WitwatersrandJohannesburgSouth Africa

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