income

Is An 'Englishman's Home' His Pension?

This research project considers whether buying houses may reduce long-term savings in the UK economy. This may explain the UK’s relatively low investment rate and weaker productivity performance over the long term. The study has two parts. First, we present new evidence on the saving behaviour of UK households showing that buying a house with a mortgage results in a lower saving rate, which is likely to mean less pension savings. Second, we examine the consequences for the UK of shifting the allocation of saving from housing and towards business investment. 

Education and its Effects on Survival, Income and Health of those aged Sixty-five and over in the United Kingdom

We explore the effects of income and, additionally education on the income,
self-reported health and survival of people aged sixty-five and over in order to
identify benefits resulting from education which are omitted in the conventional
analysis with its focus on labour income excluding employer contributions. We
find, for men, that income after the age of sixty-five is significantly influenced
by educational attainment and has a signficant effect on survival. Even after
controlling for circumstances at age sixty-five or when first observed, we identify

Education and its Effects on the Income, Health and Survival of those aged Sixty-five and Over

Note: This paper has been revised and is replaced by DP 393. We explore the effects of income and, additionally education on the income, self-reported health and survival of people aged sixty-five and over in order to identify benefits resulting from education which are omitted in the conventional analysis with its focus on labour income excluding employer contributions. We find that well educated people enjoy substantially higher incomes and longer healthy lives.