Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/71509 
Year of Publication: 
2005
Series/Report no.: 
IFS Working Papers No. 05/09
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
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 been calculated and each has been calculated both on the basis of immediate retirement in 2002 and on the basis of retirement at the state pension age. Sensitivity analysis of our assumptions is also presented, which shows that the distribution of pension wealth is sensitive to our assumptions about the discount rate and contracting out histories but insensitive to assumptions about future earnings growth, future annuity rates and future asset returns.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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