Retirement and Social Security: A Time Series Approach
AbstractTraditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how much to work, consume, and save for old age. However, remaining life expectancy is arguably a better way of examining these issues. As mortality rates decline, people at a given age now have more remaining years of life expectancy than they did in the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will increase. Additionally, because health status and mortality are correlated, adults with more expected years of life are generally in better health (and better able to work) than those with fewer years of remaining life.
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Bibliographic InfoPaper provided by Center for Retirement Research in its series Working Papers, Center for Retirement Research at Boston College with number wp2009-1.
Length: 35 pages
Date of creation: Jan 2009
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-AGE-2009-03-28 (Economics of Ageing)
- NEP-ALL-2009-03-28 (All new papers)
- NEP-LAB-2009-03-28 (Labour Economics)
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