A theory of retirement /
David E. Bloom, David Canning, Michael Moore.
Description
- Language(s)
-
English
- Published
-
Cambridge, Mass. : National Bureau of Economic Research, c2007.
- 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.
- Note
-
"November 2007."
Also available in PDF from the NBER world wide web site (www.nber.org).
- Physical Description
-
39 p. :
ill. ;
22 cm.
Viewability