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Please use this identifier to cite or link to this item: http://hdl.handle.net/2328/26075

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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