Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home Publications Pension wealth derived variables user guide (wave 2-5)

Pension wealth derived variables user guide (wave 2-5)

James Banks, Carl Emmerson and Gemma Tetlow
User Guides

This document describes how to use the derived pension wealth variables for ELSA Wave 2-5. More information on the derivation of these variables and all the areas discussed below is available in Banks, Emmerson and Tetlow (2005), Estimating Pension Wealth of ELSA Respondents, IFS Working Paper, WP 05/09. The pension wealth derived variables give the discounted present value of the stream of income that an individual will receive from their pensions between starting to draw these pensions and death, under various alternative scenarios. These variables are derived from information on individuals' current and past circumstances from the Work and Pensions module1 of ELSA Wave 1 along with various assumptions about past and future behaviour.

More on this topic

Newspaper article
External publication
Aligning tax rates between employees and the self-employed would reduce inequity while encouraging entrepreneurial risk-taking, says Stuart Adam, senior research economist at the Institute for Fiscal Studies.
The parts of the UK tax system that dictate how different forms of income are taxed are of central importance and are not fit for purpose.
External publication
This paper asks when a wealth tax would in principle be a desirable part of the tax system, setting aside the practicalities and politics that would be crucial in reality.