Optimal time allocation in active retirement

Miguel Sánchez-Romero and Alexia Fürnkranz-Prskawetz

No 02/2019, ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit

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 I12 J22 J26 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-age, nep-dem and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Optimal time allocation in active retirement (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuweco:022019

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