Wharton Pension Research Council Working Papers

Document Type

Working Paper

Date of this Version



The published version of this Working Paper may be found in the 2002 publication: Innovations in Retirement Financing.

Working Paper Number


Copyright/Permission Statement

© 2000 Pension Research Council of the Wharton School of the University of Pennsylvania. All Rights reserved.


The authors thank Todd Sinai, Olivia Mitchell, and Alan Gustman for their comments, and thank the National Institute on Aging for financial support. Our analysis uses data from preliminary releases of AHEAD wave 2 and HRS wave 4. These data have not been cleaned and may contain errors that will later be corrected in the final public release.

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Economics Commons



Date Posted: 13 September 2019