Overview of the CRR 2009 Retirement Survey

Boston College Center for Retirement Research Working Paper No. 2010-15

21 Pages Posted: 11 Nov 2010

See all articles by Alicia H. Munnell

Alicia H. Munnell

Boston College - Center for Retirement Research

Norma Coe

University of Pennsylvania - Perelman School of Medicine

Kelly Haverstick

Boston College - Center for Retirement Research

Steven A. Sass

Boston College - Center for Retirement Research

Date Written: October 1, 2010

Abstract

In July and August 2009, the Center for Retirement Research at Boston College (CRR) conducted a survey to gauge three things: 1) how people were responding to the loss of their retirement assets due to the financial crisis; 2) who was responding by increasing their expected working life; and 3) how people were responding to realistic information about how long they would have to work or how much they would have to save in order to recoup their financial losses. This paper documents how the survey was conducted and contains all the relevant information to enable new users to start using this survey for their own research.

The paper is organized as follows. Section 1 discusses the survey methodology. Section 2 compares the demographic and basic characteristics between this survey and two nationally representative national surveys, the Survey of Income and Program Participation (SIPP) and the Current Population Survey (CPS). Section 3 discusses the weight adjustments needed to make the sample more representative of the U.S. population. Section 4 conducts a standard non-response analysis and Section 5 compares our findings to other surveys that also tried to gauge the reaction to the financial downturn. Section 6 concludes.

Suggested Citation

Munnell, Alicia and Coe, Norma and Haverstick, Kelly and Sass, Steven A., Overview of the CRR 2009 Retirement Survey (October 1, 2010). Boston College Center for Retirement Research Working Paper No. 2010-15. Available at SSRN: https://ssrn.com/abstract=1706217 or http://dx.doi.org/10.2139/ssrn.1706217

Alicia Munnell (Contact Author)

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States
617-552-1762 (Phone)

Norma Coe

University of Pennsylvania - Perelman School of Medicine ( email )

423 Guardian Drive
Philadelphia, PA 19104
United States

Kelly Haverstick

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

Steven A. Sass

Boston College - Center for Retirement Research ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
46
Abstract Views
422
PlumX Metrics