TY - UNPD A1 - Lusardi, Annamaria A1 - Mitchell, Olivia S. T1 - Baby boomer retirement security: the roles of planning, financial literacy and housing wealth T2 - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2006,20 N2 - We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their predecessors. Most important, planners in both cohorts arrive close to retirement with much higher wealth levels and display higher financial literacy than non-planners. Instrumental variables estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with very little or no wealth. Klassifizierung: D91, E21 T3 - CFS working paper series - 2006, 20 KW - Wealth Holdings KW - Housing Wealth KW - Lack of Planning KW - Literacy KW - Cohorts Y1 - 2006 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/2100 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30-33268 IS - September 2006 ER -