This paper estimates the propensity to retire and the persistence of remaining retired once the decision to retire has been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth is virtually zero and that of financial assets wealth...

This paper estimates the propensity to retire and the persistence of remaining retired once the decision to retire has been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth is virtually zero and that of financial assets wealth...

A positive relationship between socio-economic status (SES) and health, the so-called health-wealth gradient, is repeatedly found in most industrialized countries with similar levels of health care technology and economic welfare. This study analyzes causality from health to wealth (health...

This contribution analyzes income richness of elder persons in Germany in 2001. Using actual data of the German Wage and Income Tax Statistics, which are particularly suitable for the analysis of high incomes, new richness indices are discussed and new results are presented. It appears that the...