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Persistent link: https://www.econbiz.de/10003430133
This paper analyzes the effect of a potential reform to the Social Security system on individuals' retirement and consumption choices. We first estimate the coefficients for a life-cycle model. We assume intratemporally nonseparable preference orderings and endogenous retirement. Our framework...
Persistent link: https://www.econbiz.de/10014220185
Economists' most basic model for studying Social Security policy issues is the so - called life - cycle model of saving behavior. This paper sets up a life - cycle model in which a household simultaneously chooses its lifetime consumption profile and retirement age. The paper calibrates...
Persistent link: https://www.econbiz.de/10014220457
Persistent link: https://www.econbiz.de/10009691181