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Financial wealth in later life: evidence from BHPS data

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Author Info

  • Banks, James

    (Institute for Fiscal Studies)

  • Zoe Smith
  • Matt Wakefield

Abstract

This paper examines evidence from the British Household Panel Survey on the distribution of financial wealth amongst benefit units in 1995 and 2000, and in particular focuses on older individuals as they approach and move through their retirement. We analyse the links between financial wealth, housing wealth and pension status and look at lessons and implications for the current policy debate on pensions, savings and the adequacy of financial provision for retirement.

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Bibliographic Info

Paper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 14.

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Date of creation: 04 Jun 2003
Date of revision:
Handle: RePEc:ecj:ac2003:14

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Postal: Office of the Secretary-General, School of Economics and Finance, University of St. Andrews, St. Andrews, Fife, KY16 9AL, UK
Phone: +44 1334 462479
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Web page: http://www.res.org.uk/society/annualconf.asp
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Related research

Keywords: incomes; wealth; pensions; housing wealth; life-cycle model;

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Cited by:
  1. Irving Fisher Committee, 2007. "Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1," IFC Bulletins, Bank for International Settlements, number 25, October -.
  2. Eva Sierminska & Andrea Brandolini & Timothy M Smeeding, 2007. "Comparing wealth distribution across rich countries: the Luxembourg Wealth Study project," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1, volume 25, pages 297-310 Bank for International Settlements.

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