Endogenous Retirement and Monetary Cycles
Hippolyte d'Albis () and
Emmanuelle Augeraud-Véron ()
Mathematical Population Studies, 2008, vol. 15, issue 4, 214-229
In a model of overlapping generations with a continuum of finitely lived individuals, the aggregate price dynamics is characterized by a functional differential equation of mixed type. Delays and advances are exogenous when age at retirement is mandatory; they become state-dependent when individuals are allowed to choose their age at retirement. Using the Hopf bifurcation theorem, periodic solutions in the neighborhood of the monetary steady state appearing with a mandatory retirement age vanish with a chosen age.
Keywords: differential equations with state-dependent delays and advances; endogenous fluctuations; Hopf bifurcation; overlapping generations models; retirement (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Endogenous Retirement and Monetary Cycles (2008)
Working Paper: Endogenous Retirement and Monetary Cycles (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:mpopst:v:15:y:2008:i:4:p:214-229
Ordering information: This journal article can be ordered from
Access Statistics for this article
Mathematical Population Studies is currently edited by Prof. Noel Bonneuil, Annick Lesne, Tomasz Zadlo, Malay Ghosh and Ezio Venturino
More articles in Mathematical Population Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().