The effect of the financial crisis on the retirement plans of older workers in England

Rowena Crawford

Economics Letters, 2013, vol. 121, issue 2, 156-159

Abstract: This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising from this recent financial crisis affected the retirement plans of older workers in England.

Keywords: Wealth; Retirement; Financial crisis (search for similar items in EconPapers)
JEL-codes: D12 D14 E21 G01 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:121:y:2013:i:2:p:156-159

DOI: 10.1016/j.econlet.2013.07.024

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