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A Theory of Retirement / David E. Bloom, David Canning, Michael Moore.
- Format:
- Book
- Author/Creator:
- Bloom, David E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13630.
- NBER working paper series no. w13630
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- 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.
- Notes:
- Print version record
- November 2007.
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