Mortality transition and differential incentives for early retirement
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jet.2011.11.004
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00659868
Download full text from publisher
Other versions of this item:
- dʼAlbis, Hippolyte & Lau, Sau-Him Paul & Sánchez-Romero, Miguel, 2012. "Mortality transition and differential incentives for early retirement," Journal of Economic Theory, Elsevier, vol. 147(1), pages 261-283.
- d'Albis, Hippolyte & Lau, Paul & Sanchez-Romero, Miguel, 2010. "Mortality transition and differential incentives for early retirement," LERNA Working Papers 10.21.327, LERNA, University of Toulouse.
- Hippolyte d'Albis & Paul Lau Sau-Him & Miguel Sanchez-Romero, 2012. "Mortality transition and differential incentives for early retirement," PSE-Ecole d'économie de Paris (Postprint) hal-00659868, HAL.
- Hippolyte d'Albis & Paul Lau Sau-Him & Miguel Sanchez-Romero, 2012. "Mortality transition and differential incentives for early retirement," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00659868, HAL.
- Hippolyte d'Albis & Paul Lau Sau-Him & Miguel Sanchez-Romero, 2012. "Mortality transition and differential incentives for early retirement," Post-Print hal-00659868, HAL.
References listed on IDEAS
- Zhang, Jie & Zhang, Junsen & Lee, Ronald, 2003. "Rising longevity, education, savings, and growth," Journal of Development Economics, Elsevier, vol. 70(1), pages 83-101, February.
- Gary Hansen & Selahattin Imrohoroglu, 2008.
"Consumption over the Life Cycle: The Role of Annuities,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 566-583, July.
- Gary D. Hansen & Selahattin Imrohoroglu, 2006. "Consumption Over the Life Cycle: The Role of Annuities," NBER Working Papers 12341, National Bureau of Economic Research, Inc.
- Bloom, David E. & Canning, David & Mansfield, Richard K. & Moore, Michael, 2007.
"Demographic change, social security systems, and savings,"
Journal of Monetary Economics, Elsevier, vol. 54(1), pages 92-114, January.
- David Bloom & David Canning & Rick Mansfield & Michael Moore, 2006. "Demographic Change, Social Security Systems, and Savings," PGDA Working Papers 1906, Program on the Global Demography of Aging.
- David E. Bloom & David Canning & Rick Mansfield & Michael Moore, 2006. "Demographic Change, Social Security Systems, and Savings," NBER Working Papers 12621, National Bureau of Economic Research, Inc.
- David Cutler & Angus Deaton & Adriana Lleras-Muney, 2006.
"The Determinants of Mortality,"
Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 97-120, Summer.
- David Cutler & Angus Deaton & Adriana Lleras-Muney, 2005. "The Determinants of Mortality," Working Papers 235, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Cutler, David & Lleras-Muney, Adriana & Deaton, Angus, 2006. "The Determinants of Mortality," Scholarly Articles 2640588, Harvard University Department of Economics.
- David M. Cutler & Angus S. Deaton & Adriana Lleras-Muney, 2006. "The Determinants of Mortality," NBER Working Papers 11963, National Bureau of Economic Research, Inc.
- David M. Cutler & Angus S. Deaton & Adriana Lleras-Muney, 2006. "The Determinants of Mortality," Working Papers id:359, eSocialSciences.
- David Cutler & Angus Deaton & Adriana Lleras-Muney, 2005. "The Determinants of Mortality," Working Papers 164, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
- Sebnem Kalemli-Ozcan & David Weil, 2010.
"Mortality change, the uncertainty effect, and retirement,"
Journal of Economic Growth, Springer, vol. 15(1), pages 65-91, March.
- Sebnem Kalemli-Ozcan & David N. Weil, 2001. "Mortality Change, the Uncertainty Effect, and Retirement," Working Papers 2001-47, Brown University, Department of Economics.
- Sebnem Kalemli-Ozcan & David N. Weil, 2002. "Mortality Change, the Uncertainty Effect, and Retirement," NBER Working Papers 8742, National Bureau of Economic Research, Inc.
- Sebnem Kalemli-Ozcan & David N. Weil, 2004. "Mortality Change, the Uncertainty Effect, and Retirement," Working Papers 2004-04, Department of Economics, University of Houston.
- Sebnem Kalemli-Ozcan & David Weil, 2002. "Mortality Change, the Uncertainty Effect, and Retirement," Macroeconomics 0212006, University Library of Munich, Germany.
- Sebnem Kalemli-Ozcan & David Weil, 2006. "Mortality Change, the Uncertainty Effect, and Retirement," 2006 Meeting Papers 28, Society for Economic Dynamics.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
- Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
- Harl E. Ryder & Geoffrey M. Heal, 1973. "Optimal Growth with Intertemporally Dependent Preferences," Review of Economic Studies, Oxford University Press, vol. 40(1), pages 1-31.
- Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2002.
"Vintage Human Capital, Demographic Trends, and Endogenous Growth,"
Journal of Economic Theory, Elsevier, vol. 104(2), pages 340-375, June.
- Raouf Boucekkine & David de la Croix & Omar Licandro, "undated". "vintage human capital, demographic trends and endogenous growth," Working Papers 2000-02, FEDEA.
- Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2000. "Vintage Human Capital, Demographic Trends and Endogenous Growth," LIDAM Discussion Papers IRES 2000007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Hippolyte D'Albis & Emmanuelle Augeraud-Veron, 2008.
"Endogenous Retirement and Monetary Cycles,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 15(4), pages 214-229.
- D'ALBIS Hippolyte & AUGERAUD-VERON Emmanuelle, 2007. "Endogenous Retirement and Monetary Cycles," LERNA Working Papers 07.14.235, LERNA, University of Toulouse.
- Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2008. "Endogenous Retirement and Monetary Cycles," Post-Print hal-00424801, HAL.
- John Wilmoth & Shiro Horiuchi, 1999. "Rectangularization revisited: Variability of age at death within human populations," Demography, Springer;Population Association of America (PAA), vol. 36(4), pages 475-495, November.
- Chang, Fwu-Ranq, 1991. "Uncertain Lifetimes, Retirement and Economic Welfare," Economica, London School of Economics and Political Science, vol. 58(230), pages 215-232, May.
- Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," Review of Economic Studies, Oxford University Press, vol. 32(2), pages 137-150.
- Moshe Hazan, 2009. "Longevity and Lifetime Labor Supply: Evidence and Implications," Econometrica, Econometric Society, vol. 77(6), pages 1829-1863, November.
- Heijdra, Ben J. & Romp, Ward E., 2009.
"Retirement, pensions, and ageing,"
Journal of Public Economics, Elsevier, vol. 93(3-4), pages 586-604, April.
- Ben J. Heijdra & Ward E. Romp, 2007. "Retirement, Pensions, and Ageing," CESifo Working Paper Series 1974, CESifo.
- Hu, Sheng-Cheng, 1999. "Economic Growth in the Perpetual-Youth Model: Implications of the Annuity Market and Demographics," Journal of Macroeconomics, Elsevier, vol. 21(1), pages 107-124, January.
- Costa, Dora L., 1998.
"The Evolution of Retirement,"
National Bureau of Economic Research Books,
University of Chicago Press, number 9780226116082, March.
- Dora L. Costa, 1998. "The Evolution of Retirement," NBER Chapters, in: The Evolution of Retirement: An American Economic History, 1880-1990, pages 6-31, National Bureau of Economic Research, Inc.
- Gruber, Jonathan & Wise, David, 1998. "Social Security and Retirement: An International Comparison," American Economic Review, American Economic Association, vol. 88(2), pages 158-163, May.
- Ben J. Heijdra & Jochen O. Mierau, 2009. "Annuity Market Imperfection, Retirement and Economic Growth," CESifo Working Paper Series 2717, CESifo.
- Costa, Dora L, 1998. "The Evolution of Retirement: Summary of a Research Project," American Economic Review, American Economic Association, vol. 88(2), pages 232-236, May.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Visite guidée au coeur des travaux du Meilleur jeune économiste 2012 (1/2)
by Matthieu Solignac in Regards croisés sur l'économie on 2012-05-29 00:26:09
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sau-Him Lau, 2013. "Does longevity improvement always raise the length of schooling through the longer-horizon mechanism?," 2013 Meeting Papers 292, Society for Economic Dynamics.
- Matteo Cervellati & Uwe Sunde, 2013.
"Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited,"
Econometrica, Econometric Society, vol. 81(5), pages 2055-2086, September.
- Cervellati, Matteo & Sunde, Uwe, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," Munich Reprints in Economics 20077, University of Munich, Department of Economics.
- Cervellati, Matteo & Sunde, Uwe, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," IZA Discussion Papers 7286, Institute of Labor Economics (IZA).
- Cervellati, Matteo & Sunde, Uwe, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," CEPR Discussion Papers 9399, C.E.P.R. Discussion Papers.
- Sánchez-Romero, Miguel & Sambt, Jože & Prskawetz, Alexia, 2013.
"Quantifying the role of alternative pension reforms on the Austrian economy,"
Labour Economics, Elsevier, vol. 22(C), pages 94-114.
- Sánchez-Romero, Miguel & Sambt, Jože & Prskawetz, Alexia, 2012. "Quantifying the role of alternative pension reforms on the Austrian economy," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 04/2012, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
- Miguel Sánchez Romero & Joze Sambt & Alexia Prskawetz, 2012. "Quantifying the role of alternative pension reforms on the Austrian economy," MPIDR Working Papers WP-2012-026, Max Planck Institute for Demographic Research, Rostock, Germany.
- Eric French & John Bailey Jones, 2017.
"Health, Health Insurance, and Retirement: A Survey,"
Annual Review of Economics, Annual Reviews, vol. 9(1), pages 383-409, September.
- Eric French & John Bailey Jones, 2017. "Health, Health Insurance, and Retirement: A Survey," Working Paper 17-3, Federal Reserve Bank of Richmond.
- Matteo Cervellati & Uwe Sunde & Klaus F. Zimmermann, 2017.
"Demographic dynamics and long-run development: insights for the secular stagnation debate,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(2), pages 401-432, April.
- Matteo Cervellati & Uwe Sunde & Klaus F. Zimmermann, 2016. "Demographic Dynamics and Long-Run Development: Insights for the Secular Stagnation Debate," Working Papers 604, Princeton University, Department of Economics, Industrial Relations Section..
- Cervellati, Matteo & Sunde, Uwe & Zimmermann, Klaus F., 2016. "Demographic dynamics and long-run development: Insights for the secular stagnation debate," MERIT Working Papers 2016-049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Cervellati, Matteo & Sunde, Uwe & Zimmermann, Klaus, 2016. "Demographic Dynamics and Long-Run Development: Insights for the Secular Stagnation Debate," Discussion Papers 245158, University of Bonn, Center for Development Research (ZEF).
- Cervellati, Matteo & Sunde, Uwe & Zimmermann, Klaus F., 2016. "Demographic Dynamics and Long-Run Development: Insights for the Secular Stagnation Debate," CEPR Discussion Papers 11569, C.E.P.R. Discussion Papers.
- Cervellati, Matteo & Sunde, Uwe & Zimmermann, Klaus F., 2017. "Demographic dynamics and long-run development: insights for the secular stagnation debate," Munich Reprints in Economics 55050, University of Munich, Department of Economics.
- Pierre Pestieau & Gregory Ponthiere, 2012.
"The Public Economics of Increasing Longevity,"
Hacienda Pública Española / Review of Public Economics, IEF, vol. 200(1), pages 41-74, March.
- PESTIEAU, Pierre & PONTHIERE, Grégory, 2012. "The public economics of increasing longevity," LIDAM Reprints CORE 2464, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," PSE-Ecole d'économie de Paris (Postprint) hal-00813211, HAL.
- Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," PSE - Labex "OSE-Ouvrir la Science Economique" hal-00813211, HAL.
- PESTIEAU, Pierre & PONTHIERE, Grégory, 2012. "The public economics of increasing longevity," LIDAM Discussion Papers CORE 2012005, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," PSE Working Papers halshs-00676492, HAL.
- Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," Post-Print hal-00813211, HAL.
- Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," Working Papers halshs-00676492, HAL.
- Sánchez-Romero, Miguel & d׳Albis, Hippolyte & Prskawetz, Alexia, 2016.
"Education, lifetime labor supply, and longevity improvements,"
Journal of Economic Dynamics and Control, Elsevier, vol. 73(C), pages 118-141.
- Fürnkranz-Prskawetz, Alexia & Sanchez-Romero, Miguel & d'Albis, Hippolyte, 2015. "Education, lifetime labor supply, and longevity improvements," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112937, Verein für Socialpolitik / German Economic Association.
- Miguel Sanchez-Romero & Hippolyte d'Albis & Alexia Prskawetz, 2016. "Education, lifetime labor supply, and longevity improvements," PSE-Ecole d'économie de Paris (Postprint) halshs-01524869, HAL.
- Miguel Sanchez-Romero & Hippolyte d'Albis & Alexia Prskawetz, 2016. "Education, lifetime labor supply, and longevity improvements," Post-Print halshs-01524869, HAL.
- Sanchez-Romero, Miguel & d'Albis, Hippolyte & Fürnkranz-Prskawetz, Alexia, 2016. "Education, lifetime labor supply, and longevity improvements," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 06/2016, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
- Lau, Sau-Him Paul, 2014. "Fertility and mortality changes in an overlapping-generations model with realistic demography," Economic Modelling, Elsevier, vol. 38(C), pages 512-521.
- Strulik, Holger & Werner, Katharina, 2012.
"Life Expectancy, Labor Supply, and Long-Run Growth: Reconciling Theory and Evidence,"
Hannover Economic Papers (HEP)
dp-497, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Strulik, Holger & Werner, Katharina, 2012. "Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence," Center for European, Governance and Economic Development Research Discussion Papers 141, University of Goettingen, Department of Economics.
- Nicolas Drouhin, 2018. "Theoretical considerations on the retirement consumption puzzle and the optimal age of retirement," Working Papers halshs-01767096, HAL.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2015.
"Optimal choice of health and retirement in a life-cycle model,"
Journal of Economic Theory, Elsevier, vol. 158(PA), pages 186-212.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2011. "Optimal Choice of Health and Retirement in a Life-Cycle Model," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48681, Verein für Socialpolitik / German Economic Association.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2012. "Optimal choice of health and retirement in a life-cycle model," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 01/2012, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
- repec:got:cegedp:141 is not listed on IDEAS
- Klaus Prettner & David Canning, 2014. "Increasing life expectancy and optimal retirement in general equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 191-217, May.
- Bloom, David E. & Kuhn, Michael & Prettner, Klaus, 2018. "Health and Economic Growth," IZA Discussion Papers 11939, Institute of Labor Economics (IZA).
- Cai, Zhipeng & Lau, Sau-Him Paul, 2017. "Impact of mortality reductions on years of schooling and expected lifetime labor supply," Journal of Mathematical Economics, Elsevier, vol. 72(C), pages 134-144.
- Strulik, Holger, 2015. "Frailty, mortality, and the demand for medical care," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 5-12.
- Sánchez-Romero, Miguel & Prskawetz, Alexia, 2017.
"Redistributive effects of the US pension system among individuals with different life expectancy,"
The Journal of the Economics of Ageing, Elsevier, vol. 10(C), pages 51-74.
- Sanchez-Romero, Miguel & Fürnkranz-Prskawetz, Alexia, 2017. "Redistributive effects of the US pension system among individuals with different life expectancy," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 03/2017, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
- Fürnkranz-Prskawetz, Alexia & Sanchez Romero, Miguel, 2017. "Redistributive effects of the US pension system among individuals with different life expectancy," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168181, Verein für Socialpolitik / German Economic Association.
- Holger Strulik & Katharina Werner, 2016.
"50 is the new 30—long-run trends of schooling and retirement explained by human aging,"
Journal of Economic Growth, Springer, vol. 21(2), pages 165-187, June.
- Strulik, Holger & Werner, Katharina, 2013. "50 is the new 30: Long-run trends of schooling and retirement explained by human aging," Center for European, Governance and Economic Development Research Discussion Papers 152, University of Goettingen, Department of Economics.
- Rainer Franz Kotschy, 2019. "Health Dynamics Shape Life-Cycle Incomes," CESifo Working Paper Series 7953, CESifo.
- Heijdra, Ben J. & Reijnders, Laurie S. M., 2018.
"Longevity shocks with age-dependent productivity growth,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 17(2), pages 200-230, April.
- Ben J. Heijdra & Laurie S. M. Reijnders, 2015. "Longevity Shocks with Age-Dependent Productivity Growth," CESifo Working Paper Series 5364, CESifo.
More about this item
Keywords
mortality decline; incentive for early retirement; years-to-consume effect; lifetime human wealth effect;JEL classification:
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:pseose:hal-00659868. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD). General contact details of provider: https://hal.archives-ouvertes.fr/ .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.