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Retirement patterns in Hong Kong: A censored regression analysis

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Author Info
Wing Suen () (School of Economics and Finance, The University of Hong Kong, Pokfulam Road, Hong Kong)

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Abstract

This paper provides an overview of retirement patterns in Hong Kong on the basis of limited data. A censored regression model is used to infer the retirement age from people`s current retirement status and their current age. This model is equivalent to a restricted probit model, and the interpretation of parameters is straightforward. The results clearly show a negative income effect on the retirement decision. The retirement age seems to be positively related to lifetime earnings but negatively related to the rate of decline of earnings with age.

JEL classification: C24, J14, J26

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Publisher Info
Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 10 (1997)
Issue (Month): 4 ()
Pages: 443-461
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Handle: RePEc:spr:jopoec:v:10:y:1997:i:4:p:443-461

Note: Received May 6, 1996 / Accepted February 5, 1997
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Related research
Keywords: Retirement age · probit model · cohort analysis;

Find related papers by JEL classification:
C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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This page was last updated on 2009-12-22.

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