In this paper, the impact of the West German pension system on the retirement decisions of elderly citizens is analyzed within the framework of a discrete-time hazard rate model deduced from a micro-economic decision rule. The model is estimated using a balanced panel of elderly West German...

In this paper, I describe a structural model of retirement behaviour, in which the multiplicityof alternative retirement ages, the possibility of unobserved heterogeneity and the "absorbing state" property of the retirement decision are accounted for. As it is based on a relatively simple...

Ausgerechnet in einer Phase, in der globale Herausforderungen wie der anthropogene Klimawandel eigentlich ein grenzüberschreitend koordiniertes Handeln erfordern würden, scheinen vielerorts nationale Egoismen in der Außenwirtschaftspolitik die Oberhand zu gewinnen. Zeitgleich droht die...

In this paper, I describe a structural model of retirement behaviour, in which the multiplicityof alternative retirement ages, the possibility of unobserved heterogeneity and the absorbing state property of the retirement decision are accounted for. As it is based on a relatively simple utility...

In this paper, the impact of the West German pension system on the retirement decisions of elderly citizens is analyzed within the framework of a discrete-time hazard rate model deduced from a micro-economic decision rule. The model is estimated using a balanced panel of elderly West German...

In this paper, I describe a structural model of retirement behaviour, in which the multiplicityof alternative retirement ages, the possibility of unobserved heterogeneity and the absorbing state property of the retirement decision are accounted for. As it is based on a relatively simple utility...

In this paper, the impact of the West German pension system on the retirement decisions of elderly citizens is analyzed within the framework of a discrete-time hazard rate model deduced from a micro-economic decision rule. The model is estimated using a balanced panel of elderly West German...

Ausgerechnet in einer Phase, in der globale Herausforderungen wie der anthropogene Klimawandel eigentlich ein grenzüberschreitend koordiniertes Handeln erfordern würden, scheinen vielerorts nationale Egoismen in der Außenwirtschaftspolitik die Oberhand zu gewinnen. Zeitgleich droht die...

We present a microeconometric study of the impact of financial constraints on investment decisions of 755 quoted and unquoted West German firms over the period 1989 to 1994. The underlying theoretical model is based upon rational expectations and convex adjustment costs. The panel data estimates...