Dynamic models of labour force retirement: an empirical analysis of early exit in the Netherlands
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Amsterdam
Thela Thesis
2001
|
| Schriftenreihe: | Tinbergen Institute research series
257 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zugl.: Amsterdam, Univ., Diss., 2001 |
| Beschreibung: | 254 S. graph. Darst. |
| ISBN: | 9051708300 |
Internformat
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Datensatz im Suchindex
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| adam_text | Contents
Acknowledgements v
Contents vii
1 Introduction 1
1.1 Elderly Labour Force Participation 3
1.2 Research Questions 11
1.3 Outline 12
2 The Economics of Retirement 15
2.1 Review of the Literature 15
2.2 The Consumption Leisure Framework 25
2.3 Retirement in a Life Cycle Context 30
3 Data 35
3.1 The Cerra Survey 35
3.2 The Definition of Retirement 43
3.3 Job Search Behaviour of the Elderly 15
Appendix to Chapter 3 50
3.A Detailed Overview of the Cerra Survey 50
4 Income Patterns of the Elderly 53
4.1 Wages and Labour Participation 53
4.1.1 Determinants of Wages 54
4.1.2 Data on Wage Levels, Distribution and Growth 59
4.1.3 A Statistical Wage and Labour Participation Model 60
4.1.4 Estimation of Age Earnings Profiles 74
4.2 Benefit and Pension Programmes 77
4.3 Lifetime Budget Constraints 87
vii
viii Contents
Appendices to Chapter 4 92
4.A Variable Definitions 92
4.B The Likelihood Function 93
4.C Estimation of Expected Wages 95
4.D Calculation of Benefit Levels 96
5 Retirement and Choice Constraints 103
5.1 Retirement Incentives 104
5.2 Eligibility for Benefits and Pensions 108
5.3 Labour Market Conditions and Layoffs 109
5.3.1 Reasons for Involuntary Retirement 110
5.3.2 Labour Separation: Company Data 116
5.3.3 Layoffs: Linked Worker and Company Data 123
5.4 A Single Transition Retirement Model 127
5.4.1 The Dynamic Programming Framework 127
5.4.2 Data 129
5.4.3 Empirical Specification 131
5.4.4 Estimation Results 135
5.5 How Choice Constraints Affect Retirement 144
5.6 Conclusions 146
Appendices to Chapter 5 148
5.A Variable Definitions 148
5.B The Dynamic Programming Equation 151
5.C The Extreme Value (Type I) Distribution 153
5.D The Likelihood Function 155
6 Retirement and Health 157
6.1 The Relation between Health and Retirement 158
6.1.1 The Health and Retirement Literature 158
6.1.2 Data on Health and Retirement I63
6.2 Life Cycle Health Dynamics I71
6.2.1 A Model for Age Related Health Dynamics I72
6.2.2 Model Implementation and Results I77
6.2.3 Estimation of Life Cycle Health Profiles I81
6.3 A Life Cycle Retirement Model I84
6.3.1 Data I84
6.3.2 Model Specification I87
6.3.3 Estimation Results I89
6.4 Simulated Health Effects on Retirement *¦
6.5 Conclusions 200
Contents ix
Appendices to Chapter 6 202
6.A Variable Definitions 202
6.B The Likelihood Function 204
7 Policy Implications 207
7.1 Policy Issues Concerning Retirement 208
7.2 Simulation of Policy Measures 212
7.2.1 Adjustment of Eligibility Conditions for Disability 213
7.2.2 Replacing Early Retirement by Flexible Pensions 216
7.2.3 Demotion: Reduction in Wage Growth 222
7.3 Policy Recommendations 225
8 Conclusions 229
References 235
Nederlandse Samenvatting (Summary in Dutch) 247
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| spelling | Heyma, Arjan Verfasser aut Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands door Andreas Optatus Johannes Heyma Amsterdam Thela Thesis 2001 254 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Tinbergen Institute research series 257 Zugl.: Amsterdam, Univ., Diss., 2001 Vorruhestand (DE-588)4122404-8 gnd rswk-swf Flexible Altersgrenze (DE-588)4139078-7 gnd rswk-swf Niederlande (DE-588)4042203-3 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Niederlande (DE-588)4042203-3 g Vorruhestand (DE-588)4122404-8 s Flexible Altersgrenze (DE-588)4139078-7 s DE-604 Tinbergen Institute research series 257 (DE-604)BV004252095 257 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010014578&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Heyma, Arjan Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands Tinbergen Institute research series Vorruhestand (DE-588)4122404-8 gnd Flexible Altersgrenze (DE-588)4139078-7 gnd |
| subject_GND | (DE-588)4122404-8 (DE-588)4139078-7 (DE-588)4042203-3 (DE-588)4113937-9 |
| title | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands |
| title_auth | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands |
| title_exact_search | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands |
| title_full | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands door Andreas Optatus Johannes Heyma |
| title_fullStr | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands door Andreas Optatus Johannes Heyma |
| title_full_unstemmed | Dynamic models of labour force retirement an empirical analysis of early exit in the Netherlands door Andreas Optatus Johannes Heyma |
| title_short | Dynamic models of labour force retirement |
| title_sort | dynamic models of labour force retirement an empirical analysis of early exit in the netherlands |
| title_sub | an empirical analysis of early exit in the Netherlands |
| topic | Vorruhestand (DE-588)4122404-8 gnd Flexible Altersgrenze (DE-588)4139078-7 gnd |
| topic_facet | Vorruhestand Flexible Altersgrenze Niederlande Hochschulschrift |
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