Do the rich save more? Evidence from linked survey and administrative data

Antoine BozioBy, Carl Emmerson, Cormac O’Dea and Gemma Tetlow
Authors registered in the RePEc Author Service: Cormac O'Dea

Oxford Economic Papers, 2017, vol. 69, issue 4, 1101-1119

Abstract: The nature of the relationship between lifetime income and saving rates is a longstanding empirical question and one that has been surprisingly difficult to answer. We use a new data set containing both individual survey data on wealth holdings and administrative data on earnings histories to examine this question. We find, for a sample of English households, evidence of a positive relationship between the rate of private wealth accumulation and levels of lifetime earnings. Even when state pension wealth is included, the top quintile of lifetime earnings have significantly higher wealth to lifetime earnings ratios than the other quintiles. Under this broad measure of wealth, those in the middle of the distribution of lifetime earnings accumulate the least wealth relative to their earnings.

JEL-codes: C81 D12 D91 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://hdl.handle.net/10.1093/oep/gpx024 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Do the rich save more? Evidence from linked survey and administrative data (2017)
Working Paper: Do the rich save more? Evidence from linked survey and administrative data (2017)
Working Paper: Do the rich save more? Evidence from linked survey and administrative data (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:69:y:2017:i:4:p:1101-1119.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().