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Applied Economics Letters Volume 23, 2016 - Issue 14
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Original Articles

Do retirement planning strategies alter the effect of time preference on retirement wealth?

Terrance K. Martin Jr.Department of Economics and Finance, University of Texas Rio Grande Valley, Edinburg, TX, USACorrespondence[email protected]
,
Michael A. GuillemettePersonal Financial Planning Department, University of Missouri, Columbia, MO, USA
&
Christopher M. BrowningDepartment of Personal Financial Planning, Texas Tech University, Lubbock, TX, USA
Pages 1003-1005 | Published online: 06 Jan 2016

References

  • Bernheim, B. D., J. Skinner, and S. Weinberg (2001). “What accounts for the variation in retirement wealth among US households?.” American Economic Review 91 (4): 832–857.
  • Finke, M. S. 2013. “Financial Advice: Does It Make a Difference?” In The Market for Retirement Financial Advice, edited by O. S. Mitchell, and K. Smetters. Oxford, UK: Oxford University Press. doi:10.1093/acprof:oso/9780199683772.003.0011.
  • Finke, M. S., and S. J. Huston. 2004. “Risk and Myopic Financial Decisions.” Journal of Personal Finance 3 (3): 99–112.
  • Finke, M. S., and S. J. Huston. 2013. “Time Preference and the Importance of Saving for Retirement.” Journal of Economic Behavior & Organization 89: 23–34. doi:10.1016/j.jebo.2013.03.004.
  • Frederick, S., G. Loewenstein, and T. O’donoghue. 2002. “Time Discounting and Time Preference: A Critical Review.” Journal of Economic Literature 40: 351–401. doi:10.1257/jel.40.2.351.
  • Hastings, J. S., and O. S. Mitchell. 2011. How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors. No. w16740. Ann Arbor, MI: National Bureau of Economic Research.
  • James, R. N. 2009. “Tenant Time Preference as a Barrier to Homeownership.” Applied Economics Letters 16 (10): 1073–1077. doi:10.1080/13504850701335327.
  • Lusardi, A., and O. S. Mitchell. 2007. “Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth.” Journal of Monetary Economics 54 (1): 205–224. doi:10.1016/j.jmoneco.2006.12.001.
  • Marsden, M., C. D. Zick, and R. N. Mayer. 2011. “The Value of Seeking Financial Advice.” Journal of Family and Economic Issues 32 (4): 625–643. doi:10.1007/s10834-011-9258-z.
  • Martin, T. K., and M. F. Finke. 2014. “A comparison of Retirement Strategies and Financial Planner Value.” Journal of Financial Planning 27 (11): 46–53.
  • Mounib, E., and T. Satchi. 2000. “Automating the Selection of Controls in Case-Control Studies.” SAS Users Group International 25th Annual Conference SAS, Cary, NC.
  • Winchester, D. D., S. J. Huston, and M. S. Finke. 2011. “Investor Prudence and the Role of Financial Advice.” Journal of Financial Service Professionals 65 (4): 43–51.

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