Booms, Busts and Retirement Timing

Datos Bibliográficos

ID9722746
AutoresRichard Disney (0000-0001-6438-6326, Institute for Fiscal Studies University College London), Anita Ratcliffe (University of Sheffield), Sarah Smith (0000-0003-0857-5039, University of Bristol Institute for Fiscal Studies)
Año2015
Volumen82
Número327
Páginas399-419
Fecha de publicación2015-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialWiley (PUBLISHER • GB)
DOI10.1111/ecca.12133
OpenAlexW2089820686
IdiomaEN
Citas recibidas4
Referencias citadas27

Cyclical fluctuations—which affect both asset and labour markets—can have an ambiguous effect on retirement. We explore this empirically using data from the British Household Panel Survey, exploiting small area geographic identifiers to match local house prices, earnings and unemployment to respondents. We match stock prices via the date of interview. Our results show little evidence of any positive wealth effects despite large spatial and temporal variations in asset prices over the period analysed. We find more response to local labour market conditions—increases in unemployment are associated with earlier retirement, while increases in wages delay retirement

Asset (computer security) · Boom · British Household Panel Survey · Demographic economics · Earnings · Econometrics · Economics · Geography · Labour economics · Macroeconomics · Monetary economics · Panel data · Stock (firearms) · Stock market · Unemployment · Finance · Financial Literacy, Pension, Retirement Analysis · Labor market dynamics and wage inequality · Retirement, Disability, and Employment