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Optimal time allocation in active retirement

Miguel Sanchez-Romero () and Alexia Fürnkranz-Prskawetz

No 02/2019, ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy from Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON)

Abstract: We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the knowledge stock. We show the optimal trade off between these activities in retirement and its sensitivity with respect to alternative settings of the preference parameters.

Keywords: Time allocation; Active retirement; Longevity; Scientific production (search for similar items in EconPapers)
JEL-codes: C60 D91 J22 J26 I12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dem and nep-lma
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuweco:022019

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