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Essays on retirement economics.

Eberhardt, Bjorn.

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Essays on retirement economics.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on retirement economics./
Author:	Eberhardt, Bjorn.
Description:	118 p.
Notes:	Source: Dissertation Abstracts International, Volume: 67-06, Section: A, page: 2266.
Contained By:	Dissertation Abstracts International67-06A.
Subject:	Labor economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3222396
ISBN:	9780542750670

Essays on retirement economics.
Eberhardt, Bjorn.

Essays on retirement economics. - 118 p.

Source: Dissertation Abstracts International, Volume: 67-06, Section: A, page: 2266.

Thesis (Ph.D.)--The University of Wisconsin - Milwaukee, 2006.

This item must not be sold to any third party vendors.

In the last thirty years, research on the economics of retirement has become increasingly important. Understanding the determinants of the retirement decision is a prerequisite to assessing the impact of public insurance programs or private pension schemes on labor force participation. Given the current uncertainties about Social Security's and Medicare's long-run financial sustainability, increasing labor force participation of the elderly would be a potential way to mitigate these uncertainties. The first chapter of this dissertation reviews the literature on the retirement decision for the last 30 years and summarizes the conclusions reached in this field so far.

ISBN: 9780542750670Subjects--Topical Terms:

642730
Labor economics.

Essays on retirement economics.
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100 1 $a Eberhardt, Bjorn. $3 3177898
245 1 0 $a Essays on retirement economics.
300 $a 118 p.
500 $a Source: Dissertation Abstracts International, Volume: 67-06, Section: A, page: 2266.
500 $a Adviser: Keith A. Bender.
502 $a Thesis (Ph.D.)--The University of Wisconsin - Milwaukee, 2006.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
520 $a In the last thirty years, research on the economics of retirement has become increasingly important. Understanding the determinants of the retirement decision is a prerequisite to assessing the impact of public insurance programs or private pension schemes on labor force participation. Given the current uncertainties about Social Security's and Medicare's long-run financial sustainability, increasing labor force participation of the elderly would be a potential way to mitigate these uncertainties. The first chapter of this dissertation reviews the literature on the retirement decision for the last 30 years and summarizes the conclusions reached in this field so far.
520 $a In the second chapter, the impact of self-rated survival probabilities on the decision to retire is investigated. It is shown that a simple life-cycle model without uncertainty predicts that higher life expectancies should also lead to later retirement. Using data from the Health and Retirement Study, it is found that individual beliefs about the chance of surviving until age 85 can explain part of the variation in retirement ages. Those respondents with below-average beliefs about life expectancies also retire earlier than other respondents, even when controlling for the current health status.
520 $a The third essay studies the determinants of retiree well-being over time. Previous research has almost exclusively focussed on the economic well-being of retirees. However, non-economic variables may play an important role for the subjective well-being as well. Given that many public policies are aimed at increasing the well-being of individuals, it is important to understand the relative importance of economic and non-economic variables to predict how individual's well-being would respond to such policies. Previous research has mostly relied on cross-sectional data for this analysis, and hence, the contribution of this paper is to increase our understanding in this area by adding a time dimension and study how the well-being of retirees changes over time. The findings confirm the importance of the voluntariness of retirement, as found in earlier studies, and it is also found that on average retiree well-being increases with the length of retirement.
590 $a School code: 0263.
650 4 $a Labor economics. $3 642730
650 4 $a Gerontology. $3 533633
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710 2 $a The University of Wisconsin - Milwaukee. $3 1019345
773 0 $t Dissertation Abstracts International $g 67-06A.
790 $a 0263
791 $a Ph.D.
792 $a 2006
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3222396