This paper investigates the link between the incomes and wealth of pensioners and their working-life earnings levels. It uses the combination of detailed income and asset information and working-life history information available in the British Household Panel Survey. The proportionality predicted by a simple "stripped down" form of the life-cycle model is supported for pensioner couples and male single pensioners, but not for female single pensioners.
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Find related papers by JEL classification: D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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