The Alignment of Household Preferences and Financial Decisions Leading up to Retirement

Leandro Carvalho, Arna Olafsson, Dan Silverman

Research output: Working paperResearch


We report on research that links survey and administrative data to investigate how within-couple differences in preferences and financial decision-making abilities affect household finances. We study whether within-household differences in preferences or financial decision-making abilities influence household choices and, thus, retirement readiness. Initial results indicate that, while
individual variation in saving and portfolio preferences and decision-making ability is significantly related to individual variation in financial outcomes, there is only modest evidence that withinhousehold variation in these measures is associated with between-household differences in expenditure, liquidity, and outcomes.
Original languageEnglish
Place of PublicationAnn Arbor, MI
PublisherUniversity of Michigan
Number of pages18
Publication statusPublished - Oct 2022
SeriesMRDRC Working Paper

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