This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

from the labour force. Health status is represented by a latent variable reflecting the eligibility for participating in … disability insurance scheme. Estimates of the structural parameters of the concealed health process allow for forecasting the …

address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

address this question, we use micro data to estimate a structural life-cycle model of individuals’ employment, retirement and … consumption decisions. We calculate that, in the case of Germany, an increase of 3.76 years in the pension age thresholds or a cut … at 3.44% of baseline consumption, and are willing to forgo 8.51% of baseline consumption to avoid the cut in per …

address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

individuals' employment, retirement and consumption decisions. Our modeling approach allows life expectancy and the nature of the …

from the Survey of Health, Ageing and Retirement in Europe (SHARE). The outcome variable of interest was the self …-assessed employment situation at the time of the interview. The binary outcome retired/not retired was regressed on covariate data from …