The Decision to Retire: Some Microeconomic Hints
Abstract
This very brief paper aims to provide some little microeconomic hints in order to explain the early retirement of workers. In particular, the hipothesis of quasi-concavity of the utility function, differences in wage rates and in pension benefits are all factors which may contribute to force a worker to retire before he reached the retirement age.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1553.Length:
Date of creation: Jan 2007
Date of revision:
Handle: RePEc:pra:mprapa:1553
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Related research
Keywords: early retirement; microeconomic foundation; pension benefits;Find related papers by JEL classification:
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-28 (All new papers)
- NEP-LAB-2007-01-28 (Labour Economics)
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Verbič, Miroslav & Spruk, Rok, 2011. "Aging population and public pensions: theory and evidence," MPRA Paper 38914, University Library of Munich, Germany.
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