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This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of … for individual retirement decisions is used to construct a model for the aggregate retirement rate. Time series data from … of the model yields evidence that social security induces retirement. An increase in social security wealth of …
Persistent link: https://www.econbiz.de/10012478797
Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how … the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will … a major role in retirement decisions for Social Security. Finally, we find that controlling for other factors …
Persistent link: https://www.econbiz.de/10012718294
Persistent link: https://www.econbiz.de/10012610521
Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how … the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will … a major role in retirement decisions for Social Security. Finally, we find that controlling for other factors …
Persistent link: https://www.econbiz.de/10013148036
This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of … for individual retirement decisions is used to construct a model for the aggregate retirement rate. Time series data from … of the model yields evidence that social security induces retirement. An increase in social security wealth of …
Persistent link: https://www.econbiz.de/10013223090
In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...
Persistent link: https://www.econbiz.de/10009636544
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