Booms, busts and retirement timing

Publication type

Journal Article

Authors

Publication date

July 15, 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

Volume: 82 , p.399 -419

DOI

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

ISSN

130427

Subjects

Notes

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


Related Publications

#523166

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest