Premium
Will perceived economic deficits affect housing decisions during retirement?
Author(s) -
MALROUTU Y. LAKSHMI,
BRANDT JEANETTE A.
Publication year - 1994
Publication title -
journal of consumer studies and home economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 0309-3891
DOI - 10.1111/j.1470-6431.1994.tb00706.x
Subject(s) - affect (linguistics) , investment (military) , economics , labour economics , demographic economics , housing tenure , business , psychology , communication , politics , political science , law
The study ascertains a causal model of factors that influence preretirees perceived difficulty in housing adjustment during retirement. Further, the influence of perceived economic deficits and an economic adjustment decision for preretirees during retirement are investigated. Path analysis results indicate that the perceived difficulty in moving to a more suitable home for retirement is influenced by tenure, setting up a retirement investment plan, and the perceived difficulty in selling one's home to have money for retirement expenses. The perceived difficulty in selling one's home to have money for retirement expenses is influenced by age and tenure. Age, tenure, education and income were influential in predicting the number of sources of retirement income; age, education and income were predictors of setting up of a retirement investment plan.