RT Journal Article
T1 Financial Market Participation and Retirement Age of the UK Population
A1 Boado Penas, María del Carmen
A1 Nave, Juan M.
A1 Toscano Pardo, David
AB 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.
PB MDPI
SN 2227-7072 (electrónico)
YR 2023
FD 2023-02
LK https://hdl.handle.net/10272/22067
UL https://hdl.handle.net/10272/22067
LA eng
NO Boado-Penas, M. C., Nave, J. M., & Toscano, D. (2023). Financial Market Participation and Retirement Age of the UK Population. In International Journal of Financial Studies (Vol. 11, Issue 1, p. 37). MDPI AG. https://doi.org/10.3390/ijfs11010037
NO 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).
DS Repositorio Institucional de la Universidad de Huelva
RD 30 may 2026