Retirement patterns in Hong Kong: A censored regression analysis

Wing Suen

Journal of Population Economics, 1997, vol. 10, issue 4, 443-461

Abstract: This paper provides an overview of retirement patterns in Hong Kong on the basis of limited data. A censored regression model is used to infer the retirement age from people`s current retirement status and their current age. This model is equivalent to a restricted probit model, and the interpretation of parameters is straightforward. The results clearly show a negative income effect on the retirement decision. The retirement age seems to be positively related to lifetime earnings but negatively related to the rate of decline of earnings with age. JEL classification: C24, J14, J26

Keywords: Retirement; age; ·; probit; model; ·; cohort; analysis (search for similar items in EconPapers)
JEL-codes: C24 J14 J26 (search for similar items in EconPapers)
Date: 1997-10-07
Note: Received May 6, 1996 / Accepted February 5, 1997
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