Jan Ondrich, professor of economics in the Maxwell School, will conduct research into how housing values affect retirement decisions, particularly in the context of the Great Recession.
Though a number of studies have analyzed the impact of the stock market on pension values and retirement behavior, few have considered the impact of housing values on retirement. Ondrich’s project, “How Much Do Changes in Housing Wealth Influence the Decision to Retire,” uses data on older Americans drawn from the 2004-2010 waves of the Health and Retirement Study (HRS). Information on housing values, foreclosures and market conditions will help assess retirement behavior geographically and over time.
Ondrich received $75,021 from the Center for Retirement Research at Boston College/SSA to conduct his research.
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