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Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly explain heterogeneity in economic behaviour by education...
Persistent link: https://www.econbiz.de/10010532122
This paper investigates two different approaches to the analysis of institutions using game theory and discusses their methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern's theory, we investigate, how Schotter and Schelling's approaches to...
Persistent link: https://www.econbiz.de/10009753456
Persistent link: https://www.econbiz.de/10009763456
and are nationally representative of the Chinese population in this age span. Our measures of cognition in CHARLS relies … on two measures that proxy for different dimensions of adult cognition - episodic memory and intact mental status. We … people. These gender differences in cognition are especially concentrated in the older age groups and poorer communities …
Persistent link: https://www.econbiz.de/10009786484
ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492
Persistent link: https://www.econbiz.de/10010365624
Persistent link: https://www.econbiz.de/10011523441
This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can deal just with a reduced number of variables, neglecting part of the overall complexity. This is usually taken as just a limitation: agents cannot deal with all relevant...
Persistent link: https://www.econbiz.de/10011523697
. As retirement is potentially endogenous with respect to cognition, instrumental variable (IV) methods are also used. The … estimations are used, the effect of retirement on cognition is negative but statistically insignificant. Differences between OLS …
Persistent link: https://www.econbiz.de/10011455644
association between retirement duration - defined as time elapsed since last job ended - and cognition. This association is …, however, very small when compared to the association of age or education with cognition. As retirement is potentially … endogenous to cognition, instrumental variable (IV) methods are also used. The instrument employed is the abolition of the so …
Persistent link: https://www.econbiz.de/10011456493