. It is likely that the individual level of wealth will become an increasingly important factor in the retirement decision … through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive … effect of wealth on the probability to retire (early). -- retirement ; life cycle models ; saving …

retirement becomes shorter. At the median level of years to retirement, the absolute values of the elasticity of savings with …

their levels of immigration. Because of complementarities between capital and labor, the return on capital is positively … related to the level of immigration. Consequently, when capital is immobile, host nations' optimal levels of immigration are … positively related to their capital endowments. Further, when capital is mobile between the two host nations, the common return …

studies analyzing the relative capital-skill complementarity hypothesis formulated by GRILICHES (1969). According to this … hypothesis, the degree of substitutability between skilled labor and capital is lower than that for unskilled labor and capital …

This paper presents a new model of endogenous wage and capital dispersion where heterogeneity is driven by … extended to endogenise firms' optimal investment in job-specific capital and search efforts undertaken by both employed and …

Imported capital goods, which embody skill-complementary technologies, can increase the supply of skills in developing … countries. Focusing on China and using a shift-share design, we show that city-level capital goods import growth increases the … model with these two mechanisms to examine the aggregate effects of capital goods imports, accounting for trade and …

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern …. A richer version of the model is calibrated to data from the Health and Retirement Study. The median change in …

assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially …. We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …

on savings behavior, workplace injuries, and spousal retirement timing. … retirement across Canadian provinces. Using linked employer- employee tax data, we show that the bans cause large and similar … reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary …

We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology … preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial … development. It affects human capital through both religious and secular education. It affects population and labor by influencing …