Optimal time allocation in active retirement

We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the knowledge stock. We show the optimal trade off between these activities in retirement and its sensitivity with respect to alternative settings of the preference parameters.

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Year of publication:	2019
Authors:	Sanchez-Romero, Miguel ; Fürnkranz-Prskawetz, Alexia
Publisher:	Vienna : Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
Subject:	Time allocation \| Active retirement \| Longevity \| Scientific production

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Series:	ECON WPS ; 02/2019
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1663184003 [GVK] hdl:10419/195068 [Handle] RePEc:zbw:tuweco:022019 [RePEc]
Classification:	C60 - Mathematical Methods and Programming. General ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J22 - Time Allocation and Labor Supply ; J26 - Retirement; Retirement Policies ; I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior
Source:	EconStor

Persistent link: https://www.econbiz.de/10011992753