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The Decision to Retire: Some Microeconomic Hints

Author

Listed:
  • Canegrati, Emanuele

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.

Suggested Citation

  • Canegrati, Emanuele, 2007. "The Decision to Retire: Some Microeconomic Hints," MPRA Paper 1553, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1553
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    File URL: https://mpra.ub.uni-muenchen.de/1553/1/MPRA_paper_1553.pdf
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    Citations

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    Cited by:

    1. Miroslav Verbič & Rok Spruk, 2014. "Aging Population and Public Pensions: Theory and Macroeconometric Evidence," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 289-316, June.
    2. Verbič, Miroslav & Spruk, Rok, 2011. "Aging population and public pensions: theory and evidence," MPRA Paper 38914, University Library of Munich, Germany.

    More about this item

    Keywords

    early retirement; microeconomic foundation; pension benefits;
    All these keywords.

    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

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