Booms, Busts and Retirement Timing

Dados 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)
Ano2015
Volume82
Fascículo327
Páginas399-419
Data de publicação2015-07-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/ecca.12133
OpenAlexW2089820686
IdiomaEN
Citações recebidas4
Referências 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