Financial Market Participation and Retirement Age of the UK Population

Autor: M. Carmen Boado-Penas, Juan M. Nave, David Toscano
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: International Journal of Financial Studies, Vol 11, Iss 1, p 37 (2023)
Druh dokumentu: article
ISSN: 11010037
2227-7072
65178629
DOI: 10.3390/ijfs11010037
Popis: Recently, many papers have shown evidence of a positive association between financial market participation and wealth holdings. It is often claimed that individuals with a higher level of financial market participation exhibit a higher propensity for planning retirement. In their planning process, individuals seek to achieve an optimal wealth level before their retirement by considering both their average saving rate and their retirement age. In this paper, we tested whether UK individuals with a higher level of financial market participation and, therefore, with a higher propensity for planning retirement were more likely to delay their retirement age than individuals with lower financial participation. On the basis of regression analyses using the English Longitudinal Study of Aging (ELSA) database for waves 1–6, our results support the hypothesis of a positive relationship between financial market participation and retirement age, reinforcing previous results.
Databáze: Directory of Open Access Journals
Externí odkaz:
Nepřihlášeným uživatelům se plný text nezobrazuje