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Quasi-dynamic forward-looking model for joint household retirement decision under AFP scheme

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  • Iskhakov, Fedor

    () (Dept. of Economics, University of Oslo)

Abstract

Structural forward-looking quasi-dynamic behavioural model is estimated for the Norwegian households where husband is eligible for early retirement between 1993 and 1996. Random utility approach is applied to rationalize the observed shifts between four main stages on the labour market. Specific attention is paid to the retirement decisions. Based on the finest model policy simulation is run to register the impact of altering taxation on the labour force participation.

Suggested Citation

  • Iskhakov, Fedor, 2003. "Quasi-dynamic forward-looking model for joint household retirement decision under AFP scheme," Memorandum 28/2003, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:2003_028
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    File URL: http://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2003/Memo-28-2003.pdf
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    References listed on IDEAS

    as
    1. Christian Brinch & Erik Hernæs & Steinar Strøm, 2001. "Labour Supply Effects of an Early Retirement Programme," CESifo Working Paper Series 463, CESifo.
    2. Seaks, Terry G & Layson, Stephen K, 1983. "Box-Cox Estimation with Standard Econometric Problems," The Review of Economics and Statistics, MIT Press, vol. 65(1), pages 160-164, February.
    3. Stock, James H & Wise, David A, 1990. "Pensions, the Option Value of Work, and Retirement," Econometrica, Econometric Society, vol. 58(5), pages 1151-1180, September.
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    Cited by:

    1. Iskhakov, Fedor, 2008. "Dynamic Programming Model of Health and Retirement," Memorandum 03/2008, Oslo University, Department of Economics.

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    More about this item

    Keywords

    Structural forward-looking quasi-dynamic behavioural model; labor market; retirement;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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