کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957184 928513 2012 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Mortality transition and differential incentives for early retirement
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Mortality transition and differential incentives for early retirement
چکیده انگلیسی

Many studies specify human mortality patterns parametrically, with a parameter change affecting mortality rates at different ages simultaneously. Motivated by the stylized fact that a mortality decline affects primarily younger people in the early phase of mortality transition but mainly older people in the later phase, we study how a mortality change at an arbitrary age affects optimal retirement age. Using the Volterra derivative for a functional, we show that mortality reductions at older ages delay retirement unambiguously, but that mortality reductions at younger ages may lead to earlier retirement due to a substantial increase in the individualʼs expected lifetime human wealth.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 147, Issue 1, January 2012, Pages 261–283
نویسندگان
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