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We revisit the comparison of mathematical programming with equilibrium constraints (MPEC) and nested fixed point (NFXP) algorithms for estimating structural dynamic models by Su and Judd (SJ, 2012). They used an inefficient version of the nested fixed point algorithm that relies on successive...
Persistent link: https://www.econbiz.de/10011265727
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10011398074
1993 and 1994. The husband is eligible for early retirement while the wife is not. The models aim at explaining labor … supply behavior of married couples the first twelve months after the husband became eligible for early retirement. Estimates …
Persistent link: https://www.econbiz.de/10011398790
standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …
Persistent link: https://www.econbiz.de/10011420305
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011341771
Transitioning into retirement is an under-researched phenomenon in developing countries. Largely, this is linked to a … conditions on retirement, it induces a pure income effect on employment. Using data from the China Health and Retirement … retirement among the rural elderly by around 15%. …
Persistent link: https://www.econbiz.de/10011346619
We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological … modelling of couples' incentives leads to very different patterns of retirement incentives - particularly for women. We apply … the new indicators to data from the Survey of Health, Ageing and retirement in Europe (SHARE) in Belgium and find two key …
Persistent link: https://www.econbiz.de/10011543602
retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10010470896
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011296070
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011296975