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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2328/26075
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| Title: | NILS Working paper no 177. An examination of the effect of wealth and earned income on the decision to retire in the UK |
| Authors: | Mavromaras, Kostas
Zhu, Rong |
| Keywords: | Employment
Retirement
Earnings
Income
Wealth |
| Issue Date: | 2011 |
| Publisher: | National Institute of Labour Studies |
| Citation: | 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. 177/2011. |
| Series/Report no.: | NILS Working Paper Series;No. 177/2011 |
| 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. |
| URI: | http://hdl.handle.net/2328/26075 |
| Appears in Collections: | NILS Working Papers
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