Hatcher, 1998, Financial Counseling and Planning


Hatcher, C. B. (1998).
Regarding the relationship between income and wealth in retirement. Financial
Counseling and Planning
, 9(2), 37-46.


Regarding The Relationship Between

Income And Wealth In Retirement

Charles B. Hatcher(1)


The relationship between wealth and income during the
entire economic life course is discussed. It is hypothesized that one’s
desired per-period wealth at retirement, the hypothetical per-period wealth
level which would induce retirement, is generally less than income while
working, and greater than income while retired. Some evidence regarding
this hypothesis is given using the 1992 Survey of Consumer Finances.


Key Words: Life-cycle model, Retirement planning,
Survey of Consumer Finances, Wealth

1. Charles B. Hatcher, Assistant Professor, Department
of Housing and Consumer Economics, Dawson Hall, The University of Georgia,
Athens, GA 30602-3622. Phone: (706)542-4722. Fax:(706)542-4397.
E-mail: CHATCHER@fcs.uga.edu



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