Banks, J;
Emmerson, C;
Tetlow, G;
(2005)
Estimating pension wealth of ELSA respondents.
UCL (University College London), The Institute for Fiscal Studies
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Abstract
This paper explains the methodology used for calculating pensionwealth for all individuals in the first wave of the EnglishLongitudinal Study of Ageing (ELSA). We focus on the pensionwealth of individuals aged between 50 and the state pension age.Both state and private pension wealth has been calculated and eachhas been calculated both on the basis of immediate retirement in2002 and on the basis of retirement at the state pension age.Sensitivity analysis of our assumptions is also presented, whichshows that the distribution of pension wealth is sensitive to ourassumptions about the discount rate and contracting out historiesbut insensitive to assumptions about future earnings growth, futureannuity rates and future asset returns.
| Type: | Report |
|---|---|
| Title: | Estimating pension wealth of ELSA respondents |
| Open access status: | An open access version is available from UCL Discovery |
| Additional information: | Imported via OAI, 7:29:00 9th Mar 2007; Imported via OAI, 7:29:01 26th Jun 2007 |
| UCL classification: | UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/2717 |
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