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About Lecture Notes On Retirement
1. The document summarizes a lecture on microeconomic models of retirement decisions. It discusses the option value of retirement and how the financial incentives of pension systems can impact the choice to retire. 2. A key consideration in retirement models is how retiring affects future income from pension benefits. Retirement provides benefits but ends labor income and earnings. 3. The lecture reviews empirical studies that use reduced form models to examine how factors like pension wealth influence retirement probabilities in different countries. It also discusses a structural model by Stock and Wise that considers the option value of remaining employed.
Detailed Information
| Author: | ['Céline van Essen'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 51 |
| Language: | English |
| Format: | |
| Price: | FREE |
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