Graduation Year
2027
Date of Submission
4-2026
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Julio Garín
Terms of Use & License Information
Abstract
I examine whether S&P 500 returns are associated with the time retired Americans allocate to household production. Using American Time Use Survey data from 2003 to 2019, I estimate ordinary least squares regressions of daily household production minutes on compound S&P 500 returns computed over a trading period of one day to one year, with demographic controls and day-of-week, year, month, and state fixed effects. My analysis finds no robust association. Point estimates occasionally reach conventional significance levels, but are not stable across the sample period and are economically small, on the order of two percent of mean household production. The estimates reflect a conditional association across all retirees and do not identify a stockholder-specific response.
Recommended Citation
Griffin-Schmidt, Hadley, "S&P 500 Returns and the Household Production Allocation of Retired Americans" (2027). CMC Senior Theses. 4100.
https://scholarship.claremont.edu/cmc_theses/4100
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
