Financial Market Participation and Retirement Age of the UK Population

M. Carmen Boado-Penas, Juan M. Nave, David Toscano

Research output: Contribution to journalArticlepeer-review

41 Downloads (Pure)

Abstract

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.
Original languageEnglish
Article number37
JournalInternational Journal of Financial Studies
Volume11
Issue number1
Early online date20 Feb 2023
DOIs
Publication statusPublished - Mar 2023

Keywords

  • business cycle
  • financial market participation
  • retirement age
  • wealth

ASJC Scopus subject areas

  • Finance

Fingerprint

Dive into the research topics of 'Financial Market Participation and Retirement Age of the UK Population'. Together they form a unique fingerprint.

Cite this