This paper investigates the impact of financial wealth and earned income on the retirement decision using data from the English Longitudinal Survey of Ageing. The estimation results from a random effect dynamic probit model show that housing wealth has virtually no impact on the decision to...

While the ratio of the younger to older populations grows smaller, the population of the old with health problems is increasingly growing. The likelihood of being disabled is higher for an individual with a lower socioeconomic status than that of an individual with a higher socioeconomic status....

This paper estimates the propensity to retire and the persistence of remaining retired once the decision to retire has been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth is virtually zero and that of financial assets wealth...