|
EconStor >
Albert-Ludwigs-Universität Freiburg im Breisgau >
Forschungszentrum Generationenverträge, Universität Freiburg >
Diskussionsbeiträge des Forschungszentrums Generationenverträge, Universität Freiburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38851
|
| | |
| Title: | | Heterogenous life expectancy, adverse selection, and retirement behaviour  |
| Authors: | | Heidler, Matthias Raffelhüschen, Bernd Leifels, Arne |
| Issue Date: | | 2006 |
| Series/Report no.: | | Diskussionsbeiträge // Forschungszentrum Generationenverträge der Albert-Ludwigs-Universität Freiburg im Breisgau 13 |
| Abstract: | | This article surveys the literature on selection effects in retirement behavior. More specifically, we consider early retirement schemes with actuarially fair adjustments based on average life expectancy. To this end, we recapitulate the theoretical literature on selection effects and resulting optimal benefit rule design. Yet, the emphasis is on the results of the heterogeneous empirical literature. Indeed, there is evidence of individuals incorporating private information about their life expectancy into retirement decisions. But other determinants of retirement choice turn out significant, too, e.g. health, changes in family structure, or sheer affordability. The literature does not provide clear results concerning the relative magnitude of these effects. |
| JEL: | | H55 J32 D82 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionsbeiträge des Forschungszentrums Generationenverträge, Universität Freiburg
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/38851
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|