@article{10272/22067,
year = {2023},
month = {2},
url = {https://hdl.handle.net/10272/22067},
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.},
organization = {This study was funded by the Spanish Government MCIN/AEI/10.13039/501100011033, Grant PID2020-114563GB-I00, and Research Projects UHUPI00005-1085 for the promotion of basic knowledge-Research and Transfer Policy Strategy 2021 at University of Huelva (Spain).},
publisher = {MDPI},
title = {Financial Market Participation and Retirement Age of the UK Population},
doi = {10.3390/ijfs11010037},
author = {Boado Penas, María del Carmen and Nave, Juan M. and Toscano Pardo, David},
}