Jump to ContentJump to Main Navigation
Redefining RetirementHow Will Boomers Fare?$
Users without a subscription are not able to see the full content.

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

Print publication date: 2007

Print ISBN-13: 9780199230778

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199230778.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 25 June 2022

Retiring on the House? Cross-Cohort Differences in Housing Wealth

Retiring on the House? Cross-Cohort Differences in Housing Wealth

(p.296) Chapter 14 Retiring on the House? Cross-Cohort Differences in Housing Wealth
Redefining Retirement

Julia L. Coronado

Dean Maki

Ben Weitzer

Oxford University Press

This chapter evaluates housing wealth and its potential role in Baby Boomers' retirement wellbeing. The Health and Retirement Survey is used to compare Boomers' wealth position to that of the immediately preceding cohort, just prior to retirement. Results show that Boomers have more valuable homes but have also borrowed more against them, so they have a similar fraction of assets allocated to home equity as their predecessors. Unlike prior studies, this chapter shows that people do view housing as a source of wealth that can help them finance their retirement needs. Indeed, a substantial fraction of older households do move and appear to liquidate some home equity in the process. Consequently, some of the recent home equity extraction may be related to the aging of the population rather than a cyclical response to rapid house appreciation.

Keywords:   housing wealth, Baby Boomer, retirement prospects, retirement wellbeing, cohort comparisons, home equity extraction, older households, population aging, Health and Retirement Study

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .