University of Sussex
Browse

File(s) not publicly available

Booms, busts and retirement timing

Version 2 2023-06-12, 06:35
Version 1 2023-06-08, 15:26
journal contribution
posted on 2023-06-12, 06:35 authored by Richard Disney, Anita Ratcliffe, Sarah Smith
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 identifers 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.

History

Publication status

  • Published

File Version

  • Published version

Journal

Economica

ISSN

0013-0427

Publisher

Wiley-Blackwell

Issue

327

Volume

82

Page range

399-419

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-07-25

First Open Access (FOA) Date

2014-07-07

First Compliant Deposit (FCD) Date

2014-07-07

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC