Downloads
![Image representing the file: wp0509.pdf](/sites/default/files/output_url_files/wp0509.pdf_0.jpg)
wp0509.pdf
PDF | 435.48 KB
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.
Authors
![James Banks](/sites/default/files/styles/square_desktop/public/2022-06/James_Banks.jpg?itok=EvmV7fKj)
CPP Co-Director
James is Senior Research Fellow and Professor of Economics at Manchester, working on broad issues in the economics of retirement, savings and health.
![Carl Emmerson](/sites/default/files/styles/square_desktop/public/2022-06/Carl_Emmerson.jpg?itok=6jM06LTY)
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Gemma Tetlow
Working Paper details
- DOI
- 10.1920/wp.ifs.2005.0509
- Publisher
- IFS
Suggested citation
J, Banks and C, Emmerson and G, Tetlow. (2005). Estimating pension wealth of ELSA respondents. London: IFS. Available at: https://ifs.org.uk/publications/estimating-pension-wealth-elsa-respondents (accessed: 4 July 2024).
More from IFS
Understand this issue
![State Pension claim form](/sites/default/files/styles/square_desktop/public/2023-12/state-pension-claim-form.jpg?itok=OCixJu9J)
Where next for the state pension?
13 December 2023
![Nice houses with city in the background](/sites/default/files/styles/square_desktop/public/2023-12/nice-houses-with-city-in-background_0.jpg?itok=TDx-TwSe)
Social mobility and wealth
12 December 2023
![Chancellor Jeremy Hunt with red box](/sites/default/files/styles/square_desktop/public/2023-12/chancellor-jeremy-hunt-with-red-box.jpg?itok=Dah5hdYC)
Autumn Statement 2023: IFS analysis
23 November 2023
Policy analysis
![Welsh town with mountains behind](/sites/default/files/styles/square_desktop/public/2024-06/Welsh-town-feature.jpg?itok=5axb5wZn)
How would the parties’ tax and spending plans affect Scotland and Wales?
28 June 2024
![Man putting vote into ballot box](/sites/default/files/styles/square_desktop/public/2022-07/Man-putting-vote-into-ballot-box.jpg?itok=Pa6g41dr)
General Election 2024: Manifesto Analysis Presentations
24 June 2024
![Shopping street](/sites/default/files/styles/square_desktop/public/2024-06/Street-scene-.jpg?itok=R39cR6Xp)
How do the last five years measure up on levelling up?
19 June 2024
Academic research
![Working paper cover](/sites/default/files/styles/portrait/public/2024-06/WP202428-The-impact-of%20labour-demand-shocks-when-occupational-labour-supplies-are-heterogeneous.jpg?itok=Erq9-V9O)
The impact of labour demand shocks when occupational labour supplies are heterogeneous
28 June 2024
![Working Paper Cover](/sites/default/files/styles/portrait/public/2024-06/WP202427-The-impact-of-flexibility-at-work-on-fertility_Page_01.jpg?itok=pHaEvbkK)
The impact of flexibility at work on fertility
11 June 2024
![Working Paper Cover](/sites/default/files/styles/portrait/public/2024-06/WP202426-Intergenerational-mobility-in-socio-emotional-skills_Page_01.jpg?itok=wH1znQhh)
Intergenerational mobility in socio-emotional skills
5 June 2024