We study transitions in and out of self-employment of older individuals using internationally comparable survey data from 13 OECD countries. We compute selfemployment transitions as conditional probabillities arising ffrom a discrete choice panel data model. We examine the influence on...

We study transitions in and out of self-employment of older individuals using internationally comparable survey data from 13 OECD countries. We compute self-employment transitions as conditional probabilities arising from a discrete choice panel data model. We examine the influence on...

The authors formulate a stylized structural model of health, wealth accumulation and retirement decisions building on the human capital framework of health provided by Grossman. They explicitly assume a functional form of the utility function and carefully account for initial conditions, which...