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

Antoine Bozio, Carl Emmerson, Cormac O’dea and Gemma Tetlow
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Carl Emmerson: IFS - Laboratory of the Institute for Fiscal Studies - Institute for Fiscal Studies
Cormac O’dea: IFS - Laboratory of the Institute for Fiscal Studies - Institute for Fiscal Studies
Authors registered in the RePEc Author Service: Cormac O'Dea

Institut des Politiques Publiques from HAL

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.

Date: 2017-10
Note: View the original document on HAL open archive server: https://pjse.hal.science/hal-01784357v1
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Citations: View citations in EconPapers (9)

Published in Oxford Economic Papers, 2017, 69 (4), pp.1101-1119. ⟨10.1093/oep/gpx024⟩

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Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:ipppap:hal-01784357

DOI: 10.1093/oep/gpx024

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