Efficient Timing of Retirement
A closed from solution to the retirement timing problem is obtained, and its comparative-statics implications are derived. Of the nine comprative-statics results presented here, three amount to confirmation of ones obtained previously by Mitchell and Fields, and the remainder are new.
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|Date of creation:||1997|
|Date of revision:|
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in: Pensions, Labor, and Individual Choice, pages 283-316
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97035, Stanford University, Department of Economics.
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NBER Working Papers
3954, National Bureau of Economic Research, Inc.
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- repec:syd:wpaper:99-03 is not listed on IDEAS
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- Merton, Robert C, 1969. "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 247-57, August.
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