Key Findings Details
Housing Wealth and Retirement Timing
Martin Farnham and Purvi Sevak
- This study finds evidence of a modest housing wealth effect on retirement: men whose housing value increases significantly retire somewhat sooner.
- The evidence of housing wealth effects on expected age of retirement is stronger than the evidence of housing wealth effects on actual retirement transitions
- A 10% increase in housing wealth is associated with a reduction in expected retirement age of between 3.5 and 5 months.