Disney, R., Ratcliffe, A. and Smith, S. (2015) Booms, Busts and Retirement Timing. Economica , 82 (327). pp. 399-419. ISSN 0013-0427
Abstract
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Wiley. This is an author produced version of a paper subsequently published in Economica. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 19 Feb 2016 12:50 |
Last Modified: | 24 Apr 2017 09:35 |
Published Version: | https://dx.doi.org/10.1111/ecca.12133 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/ecca.12133 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:95267 |