Redefining Retirement: How Will Boomers Fare?

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $1.99
Usually ships in 1-2 business days
(Save 98%)
Other sellers (Hardcover)
  • All (10) from $1.99   
  • New (5) from $59.95   
  • Used (5) from $1.99   


As the leading edge of the "Baby Boom" generation attains age 60, members of this unusually large cohort born 1946-66 are poised to redefine retirement—just as they have restructured educational, housing, and labor markets in prior days. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. Contributors to this volume note 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 the expanding economy. On the other hand, the generation's sheer size will surely squeeze resources and require new approaches to retirement risk management.

This book offers readers an invaluable and first book-length study of Boomers as they march into retirement. As such, it represents an invaluable addition to the Pension Research Council/Oxford University Press series. It will be especially useful for scholars and policymakers seeking to understand retirement preparedness, to actuaries and tax specialists concerned with retirement system regulation, and to plan sponsors interested in the determinants of work and retirement at older ages.

Read More Show Less

Product Details

  • ISBN-13: 9780199230778
  • Publisher: Oxford University Press
  • Publication date: 8/30/2007
  • Pages: 275
  • Product dimensions: 9.30 (w) x 6.20 (h) x 1.10 (d)

Table of Contents

List of Figures ix

List of Tables xi

Notes on Contributors xvii

Abbreviations xxiii

Part I Prospects for Baby Boomer Retirement

1 Will Boomers Redefine Retirement? Olivia S. Mitchell 1

2 Cohort Differences in Retirement Expectations and Realizations Nicole Maestas 13

3 The Sufficiency of Retirement Savings: Comparing Cohorts at the Time of Retirement Robert Haveman Karen Holden Barbara L. Wolfe Andrei Romanov 36

4 Understanding Baby Boomers' Retirement Prospects Barbara A. Butrica Howard M. Iams Karen E. Smith 70

Part II Changing Health Status and Health Insurance

5 Are Baby Boomers Living Well Longer? David R. Weir 95

6 Baby Boomers versus Their Parents: Economic Well-Being and Health Status Joyce Manchester David Weaver Kevin Whitman 112

7 Cross-Cohort Differences in Health on the Verge of Retirement Beth J. Soldo Olivia S. Mitchell Rania Tfaily John F. McCabe 138

8 Health Insurance Patterns Nearing Retirement Helen G. Levy 159

Part III New Roles for Retirement Assets

9 The Impact of Pensions on Nonpension Investment Choices Leora Friedberg Anthony Webb 179

10 Measuring Pension Wealth Chris Cunningham Gary V. Engelhardt Anil Kumar 211

11 Trends in Pension Values Around Retirement Michael D. Hurd Susann Rohwedder 234

12 Pension Portfolio Choice and Menu Exposure Anders Karlsson Massimo Massa Andrei Simonov 248

13 Saving between Cohorts: The Role of Planning Annamaria Lusardi Jason Beeler 271

14 Retiring on the House? Cross-Cohort Differences in Housing Wealth Julia L. Coronado Dean Maki Ben Weitzer 296

Index 309

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)