A Theory of Retirement
David Canning () and
Michael Moore ()
PGDA Working Papers from Program on the Global Demography of Aging
We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure. The retirement age increases proportionally less than the increase in life expectancy.
Keywords: aging; health; retirement; savings (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-hea
References: Add references at CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hsph.harvard.edu/pgda/WorkingPapers/2007/PGDA_WP_26_replacement.pdf [301 Moved Permanently]--> https://www.hsph.harvard.edu/pgda/WorkingPapers/2007/PGDA_WP_26_replacement.pdf)
Working Paper: A Theory of Retirement (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:gdm:wpaper:2607
Access Statistics for this paper
More papers in PGDA Working Papers from Program on the Global Demography of Aging
Bibliographic data for series maintained by Cinzia Smothers (). This e-mail address is bad, please contact .