A Structural Retirement Model
نویسندگان
چکیده
منابع مشابه
A Dynamic Structural Model of Health Insurance and Retirement
A large majority of adults in the United States who have health insurance are covered by plans provided by employers until they become eligible for Medicare at age 65. Some employers extend health insurance coverage to retirees, while others terminate coverage when an individual leaves the firm. A risk-averse individual who believes there is some chance that he will incur large medical expenses...
متن کاملPolicy Variation, Labor Supply Elasticities, and a Structural Model of Retirement.
This paper exploits a combination of policy variation from multiple pension reforms in Austria and administrative data from the Austrian Social Security Database. Using the policy changes for identification, we estimate social security wealth and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic programming model of retirement decis...
متن کاملAnalyzing health risks, early retirement and saving behavior with a structural life-cycle model
This paper proposes a structural life-cycle model to analyze the relationship between health risks, early retirement and saving behavior for employees in Germany. I rely on the framework of a dynamic programming discrete choice model with a discretized saving decision. The model accounts for both forward looking behavior and unobserved heterogeneity which is specified seminonparametrically. Hea...
متن کاملA Test of Lazear’s Mandatory Retirement Model
This chapter discusses several testable implications of Lazear’s (1979) model of mandatory retirement and tests whether they are consistent with the data, using a sample from the National Longitudinal Survey of Mature Men. Empirical evidence on the close association between firm pension programs and mandatory retirement programs can be interpreted to lend support to Lazear’s model. However, est...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1986
ISSN: 0012-9682
DOI: 10.2307/1911308