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Lifecycle Events and Their ConsequencesJob Loss, Family Change, and Declines in Health$
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Lifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health

Kenneth A. Couch, Mary C. Daly, and Julie M. Zissimopoulos

Print publication date: 2013

Print ISBN-13: 9780804785853

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785853.001.0001

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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 28 May 2020

Health and Wealth in Early Retirement

Health and Wealth in Early Retirement

Chapter:
(p.260) Chapter Fourteen Health and Wealth in Early Retirement
Source:
Lifecycle Events and Their Consequences
Author(s):

Geoffrey L. Wallace

Robert Haveman

Karen Holden

Barbara Wolfe

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804785853.003.0014

This chapter considers how the onset of a physical or mental problem in functioning affects economic well-being during retirement, looking specifically at how reductions in physical and mental functioning relate to annuitized net wealth. The results show that difficulties with both mental and physical functioning are associated with declines in wealth and that the impact is larger for single adults. This pattern is driven by individuals spending down resources to pay for health care and assistive services.

Keywords:   health, wealth, retirement, economic well-being

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