Bloemen, Hans - Institute for the Study of Labor (IZA) - 2008
Keywords: retirement, life cycle models, saving
Corresponding author:
Hans G. Bloemen
Department of Economics
Free … specified in life cycle models.
9 Note that the probability to stay on the job is (1 − δt)P(Vt(At,yt;0) ≤ Vt(At,yt;1)) which …