Uncertain Lifetimes, Retirement and Economic Welfare
Bibliographic Data
| ID | 9727632 |
|---|---|
| Authors | Fwu-Ranq Chang, Fwu‐Ranq Chang (corresponding author) |
| Year | 1991 |
| Volume | 58 |
| Issue | 230 |
| Pages | 215 |
| Publication date | 1991-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554653 |
| OpenAlex | W2008111719 |
| Language | EN |
| Citations received | 4 |
| References cited | 11 |
The effect of increased life expectancy on retirement age is ambiguous because a change in the survival probability is analogous to a change in intertemporal prices. It is shown that the decision to retire earlier or later depends on the old-age saving behavior. Early retirement could emerge if one saves in old age. It is also shown that the effect of intertemporal substitutions, arising from the imperfection of the annuity market, could produce a tilt to the reservation wage profile, which, in turn, makes early retirement possible. Copyright 1991 by The London School of Economics and Political Science
Annuity · Birth rate · Economics · Fertility · Labour economics · Life annuity · Life expectancy · Market economy · Old Age Security · Pension · Reservation · Retirement age · Wage · Welfare · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment
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Savings and Consumption with an Uncertain Horizon
A Life-Cycle Model of Earnings, Learning, and Consumption
Positive Time Preference
A Note on Uncertain Lifetimes
On Uncertain Lifetimes
A Note on Uncertain Lifetimes
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,18 |
| Citation span | 2004 - 2013 (10) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |