We examine the possible consequences of the increasing shift from Defined Benefit to Defined Contribution arrangements for private pensions. Whilst much analysis has focused on the possible distribution of investment and job tenure risk, we point out the additional role for issues relating to...

In this paper we use the two waves of the British Retirement Survey (1988/1989 and 1994) to quantify the relationship between socioeconomic status and health outcomes. We find that, even after conditioning on the initial health status, wealth rankings are important determinants of mortality and...

We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a 25-year period in three different cross-sectional surveys we aggregate data by date-of-birth cohort to construct a "synthetic...