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Redefining Retirement – How Will Boomers Fare? - Oxford Scholarship Online
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Redefining Retirement: How Will Boomers Fare?

Brigitte Madrian, Olivia S. Mitchell, and Beth J. Soldo


As the leading edge of the “Baby Boom” generation in the United States reaches sixty years of age, members of this unusually large cohort born between 1946 and 1966 are poised to redefine retirement — just as they have restructured educational, housing, and labor markets previously. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. This book notes that “Boomers” will be better off than their predecessors in many ways, having benefited from the long run-up in housing prices, dramatic improvements in healthcare, and ... More

Keywords: Baby Boom, pensions, healthcare, social security, retirement risk management, retiree income, wealth distribution, Health and Retirement Study, housing equity, financial literacy

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780199230778
Published to Oxford Scholarship Online: September 2007 DOI:10.1093/acprof:oso/9780199230778.001.0001


Affiliations are at time of print publication.

Brigitte Madrian, editor
Professor of Public Policy and Corporate Management in the Aetna Chair at the Kennedy School of Government at Harvard University
Author Webpage

Olivia S. Mitchell, editor
International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School, University of Pennsylvania
Author Webpage

Beth J. Soldo, editor
Distinguished Senior Scholar, Department of Sociology, University of Pennsylvania
Author Webpage

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Part I Prospects for Baby Boomer Retirement

Chapter 3 The Sufficiency of Retirement Savings: Comparing Cohorts at the Time of Retirement

Robert Haveman, Karen Holden, Barbara L. Wolfe, and Andrei Romanov

Chapter 4 Understanding Baby Boomers’ Retirement Prospects

Barbara A. Butrica, Howard M. Iams, and Karen E. Smith

Part II Changing Health Status and Health Insurance

Chapter 7 Cross‐Cohort Differences in Health on the Verge of Retirement

Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily, and John F. McCabe

Part III New Roles for Retirement Assets

Chapter 10 Measuring Pension Wealth

Chris Cunningham, Gary V. Engelhardt, and Anil Kumar

Chapter 11 Trends in Pension Values Around Retirement

Michael D. Hurd and Susann Rohwedder

Chapter 12 Pension Portfolio Choice and Menu Exposure

Anders Karlsson, Massimo Massa, and Andrei Simonov

Chapter 13 Saving between Cohorts: The Role of Planning

Annamaria Lusardi and Jason Beeler

End Matter