A Theory of Retirement

We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure. The retirement age increases proportionally less than the increase in life expectancy

MoreLess

Year of publication:	[2007]
Authors:	Bloom, David E.
Other Persons:	Canning, David (contributor) ; Moore, Michael (contributor)
Publisher:	[2007]: [S.l.] : SSRN
Subject:	Altersgrenze \| Retirement \| Altersvorsorge \| Retirement provision \| Theorie \| Theory

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (41 p)
Series:	NBER Working Paper ; No. w13630
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2007 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012775556