12/20/2002: Economists Study Retirement and the Stock Market Bubble of the Late '90s (Alan L. Gustman, Thomas L. Steinmeier, published by the National Bureau of Economic Research)Working paper, available for $5 from SSRN.com. Excerpt: "The extraordinary returns in the stock market in the late 1990's . . . increased retirement for the HRS sample of workers by over 3 percentage points by the turn of the century and would have decreased the average retirement age by about a quarter of a year if it had not been interrupted.. . . [A]ny continuing effects of the bubble after its end will probably be minimal."
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