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Effectiveness of tax incentives to boost (retirement) saving: Theoretical motivation and empirical evidence

Attanasio, Orazio P.; Banks, James; Wakefield, Matthew - 2004

particular savings accounts. We consider empirical evidence from these two countries regarding the extent to which funds in some … specific tax advantaged accounts (IRAs in the US, TESSAs and ISAs in the UK) represent new savings. Our best interpretation of … with reshuffling of existing savings. Continuing improvements in data on individual financial behaviour create scope for …

Persistent link: https://www.econbiz.de/10010293021

Life-cycle consumption patterns at older ages in the US and the UK: Can medical expenditures explain the difference?

Banks, James; Blundell, Richard; Levell, Peter; Smith, … - 2016

In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...

Persistent link: https://www.econbiz.de/10011786830

Preparing for retirement: The pension arrangements and retirement expectations of those approaching state pension age in England

Banks, James; Emmerson, Carl; Oldfield, Zoë - 2005

economic circumstances. Our descriptive findings include that members of defined benefit pensions have higher average levels of … current earnings than members of defined contribution pensions and that median expected private pension income in retirement …

Persistent link: https://www.econbiz.de/10010293040

Estimating pension wealth of ELSA respondents

Banks, James; Emmerson, Carl; Tetlow, Gemma - 2005

This paper explains the methodology used for calculating pension wealth for all individuals in the first wave of the English Longitudinal Study of Ageing (ELSA). We focus on the pension wealth of individuals aged between 50 and the state pension age. Both state and private pension wealth has...

Persistent link: https://www.econbiz.de/10010293002