This study examines the work capacity of older adults in Japan. First, we estimate the relationship between a variety of health indicators and work status.Work status is divided into full-time work, part-time work, and retired for those in their 50s who are not yet age-eligible for public...

This study examines retirement decisions in Japan, using the option value (OV) model proposed by Stock and Wise (1990) and examined by subsequent studies. This model assumes that an individual maximizes a weighted average of utility from labor income until retirement as well as that from pension...

In Japan, retirement is a gradual process that transpires over a particularly long period of time. Using large scale micro-level datasets from the Survey of Employment of the Elderly compiled by the Japanese government, we provide some stylized facts on the development of retirement behavior...