Journal Article

Booms, busts and retirement timing

Authors

Publication date

Jul 2015

Summary

Cyclical fluctuations—which affect both asset and labour markets—can
have an ambiguous effect on retirement. We explore this empirically
using data from the British Household Panel Survey, exploiting small
area geographic identifiers to match local house prices, earnings and
unemployment to respondents. We match stock prices via the date of
interview. Our results show little evidence of any positive wealth
effects despite large spatial and temporal variations in asset prices
over the period analysed. We find more response to local labour market
conditions—increases in unemployment are associated with earlier
retirement, while increases in wages delay retirement.

Published in

Economica

Volume and page numbers

82 , 399 -419

DOI

http://dx.doi.org/10.1111/ecca.12133

ISSN

16

Subjects

Older People, Labour Market, Economics, Savings And Assets, and Housing Market

Links

http://serlib0.essex.ac.uk/record=b1597373~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

Related publications

1. Booms, busts and retirement timing

   Richard Disney, Anita Ratcliffe, and Sarah Smith

   Research Paper, CMPO Working Papers University of Bristol, 10/233 - 2010
   1. Older People
   2. Labour Market
   3. Economics
   4. Savings And Assets

2. Booms, busts and retirement timing

   Richard Disney, Anita Ratcliffe, and Sarah Smith

   Research Paper, CMPO Working Papers University of Bristol, 10/233 - 2010
   1. Older People
   2. Labour Market
   3. Economics
   4. Savings And Assets

#523166