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- Title
Marital status, health, and retirement wealth for middle aged and older women.
- Authors
Shin, Serah; Hyungsoo Kim
- Abstract
We investigate the different impacts of health problems on wealth among unmarried and married women in their later years. We advance the literature by using a new health measure of a 22 year sequence of chronic diseases. Using data from 2.476 women age 50 or older from the 1992-2014 Health and Retirement Study, we find that unmarried women have more complicated and costly health sequences compared with married women, including multi-morbidity or co-morbidity. Over the 22 year period, retirement wealth for unmarried women with costly health sequences is reduced by approximately $3,600 to $5,400 annually.
- Subjects
MARITAL status; RETIREMENT planning; MIDDLE-aged women; HEALTH impact assessment; CHRONIC diseases; MEDICAL care costs
- Publication
Financial Services Review, 2017, Vol 26, Issue 3, p255
- ISSN
1057-0810
- Publication type
Article