The effect of the financial crisis on the retirement plans of older workers in England

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising from this recent financial crisis affected the retirement plans of older workers in England.

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Year of publication:	2013
Authors:	Crawford, Rowena
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 121.2013, 2, p. 156-159
Publisher:	Elsevier
Subject:	Wealth \| Retirement \| Financial crisis

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Type of publication:	Article
Classification:	D12 - Consumer Economics: Empirical Analysis ; D14 - Personal Finance ; E21 - Consumption; Saving ; G01 - Financial Crises
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010709106