Retirement Preparation of the Non-Farm Self-Employed

Posted: 7 Oct 1998

See all articles by Sharon A. Devaney

Sharon A. Devaney

Purdue University

Deanna L. Sharpe

University of Missouri at Columbia

Constance Y. Kratzer

New Mexico State University - College of Agriculture & Home Economics

Ya-ping Su

Purdue University

Abstract

Despite growth in the numbers of self-employed workers, there is little research on the retirement planning behavior of this group. The purpose of this study was to identify characteristics of self-employed workers and determine factors that lead to increased savings for retirement. Findings from a survey mailed to a convenience sample indicated the largest amounts of annual savings were in stocks and business equity and the smallest amounts were in Keogh plans. Self-employed workers tended to have larger total retirement savings if they were older, had higher income levels, and had conducted some retirement planning activities.

JEL Classification: D1, D9, E2, G2, J2

Suggested Citation

Devaney, Sharon A. and Sharpe, Deanna L. and Young Kratzer, Constance and Su, Ya-ping, Retirement Preparation of the Non-Farm Self-Employed. Available at SSRN: https://ssrn.com/abstract=132606

Sharon A. Devaney (Contact Author)

Purdue University ( email )

80 E. Stirrup Trail
Monument, CO 80132-7704
United States
719-649-1083 (Phone)

Deanna L. Sharpe

University of Missouri at Columbia ( email )

Consumer and Family Economics
Columbia, MO 65211
United States
573-882-9652 (Phone)
573-884-8389 (Fax)

Constance Young Kratzer

New Mexico State University - College of Agriculture & Home Economics ( email )

Mail Stop 3AE
PO Box 30001
Las Cruces, NM 30001
United States
505-646-3001 (Phone)

Ya-ping Su

Purdue University ( email )

610 Purdue Mall
West Lafayette, IN 47907
United States

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