Logo
Munich Personal RePEc Archive

Pensions and Homeownership after the Great Recession

Murray, Tim (2019): Pensions and Homeownership after the Great Recession.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_109256.pdf

Download (926kB) | Preview

Abstract

Retirees with a defined contribution plan have more risky retirement portfolios than households with a defined benefit plan. This paper explores how this risk caused changes in homeownership and renting for households with defined contribution plans after the Great Recession finding around a 10 percent decline in homeownership and 10 percent increase in renting for households with a defined contribution plan compared to those with a defined benefit plan. Future cohorts of retirees are less likely to have the guaranteed income of a defined benefit plan and may be more likely to use their housing equity than previous cohorts have.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.