April 8, 2008
Chicago Booth London Campus
25 Basinghall Street
London EC2V 5HA
7:30 p.m. Program
8:30 p.m. Networking Reception
Are People Saving Enough For Old Age?
Speaker: Erik Hurst
Professor of Economics and Neubauer Family Faculty Fellow, Chicago Booth
As populations age in many industrialized countries, a public debate has emerged surrounding whether or not the next generation of retirees have saved enough resources to sustain their well-being during their retirement. What is the evidence to suggest whether or not retirees have saved enough for their retirement? Are all retirees prepared for retirement or is the unpreparedness concentrated only among a subset of the population? Do measures of household well-being - such as consumption, leisure, or self reported happiness - decline in retirement? What is the role of unexpected health shocks for household well-being?
Join us as Professor Erik Hurst draws on his own research, as well as research from the academic community at large, to discuss the state of well-being of retirees. For anyone interested in the public debate surrounding the saving adequacy of an aging population - whether you are a policy maker, a financial planner, or just a general investor or whether you are currently retired, soon to be retired, or just thinking about future retirement - the session will provide a deeper understanding of the issues pertaining to the maintenance of well-being as individuals transition through their retirement years.