Retirement duration maximization with survival time expectations

Mikael Linden

MPRA Paper from University Library of Munich, Germany

Abstract: Paper proposes a model of retirement duration maximization based on retiree’s ex-ante intended retirement age and subjective survival time estimate. The optimum result needs that retirement age is an increasing convex function of survival time estimate supporting postponed retirement age with longer intended retirement duration. As a result, the average actual observed retirement duration is less than the intended duration. The result is valid irrespectively of biasedness of subjective survival estimates

Keywords: Optimal retirement age; intended retirement duration; subjective survival time estimates; convex function (search for similar items in EconPapers)
JEL-codes: C41 D81 J14 (search for similar items in EconPapers)
Date: 2022-12
New Economics Papers: this item is included in nep-age and nep-dem
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115903

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