Replication data for: The Changing Face of Debt and Financial Fragility at Older Ages
- Lusardi, Annamaria
- Mitchell, Olivia S.
- Oggero, Noemi
AbstractWe investigate changes in older individuals' financial fragility as they stand on the verge of retirement. Using data from the Health and Retirement Study (HRS), we compare how debt has changed for successive cohorts of people age 56–61. Our analysis shows that recent older Americans close to retirement hold more debt, and hence face greater financial insecurity, than earlier generations. This is primarily due to having bought more expensive homes with smaller down payments. We discuss possible policy implications.
Is supplement to
DOI: 10.1257/pandp.20181117 (Text)
Lusardi, Annamaria, Olivia S. Mitchell, and Noemi Oggero. “The Changing Face of Debt and Financial Fragility at Older Ages.” AEA Papers and Proceedings 108 (2018): 407–11. https://doi.org/10.1257/pandp.20181117.
- ID: 10.1257/pandp.20181117 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07