EconPapers    
Economics at your fingertips  
 

NILS Working paper no 177. An examination of the effect of wealth and earned income on the decision to retire in the UK

Kostas Mavromaras and Rong Zhu

No 26075, NILS Working Papers from National Institute of Labour Studies

Abstract: This paper investigates the impact of financial wealth and earned income on the retirement decision using data from the English Longitudinal Survey of Ageing. The estimation results from a random effect dynamic probit model show that housing wealth has virtually no impact on the decision to retire, while financial wealth encourages it and earned income discourages it. The retirement decision is also found to be state dependent, and this persistence is stronger for those retirees with lower housing wealth and lower financial wealth.

Keywords: Employment; Retirement; Earnings; Income; Wealth (search for similar items in EconPapers)
Date: 2011
Note: Mavromaras, K.; Zhu, R. 2011. An examination of the effects of wealth and earned income on the decision to retire in the UK. Working Paper No. 177
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/2328/26075

Related works:
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:fli:wpaper:26075

Access Statistics for this paper

More papers in NILS Working Papers from National Institute of Labour Studies Contact information at EDIRC.
Bibliographic data for series maintained by Rupali Saikia ().

 
Page updated 2020-07-02
Handle: RePEc:fli:wpaper:26075