Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/63129 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
Memorandum No. 2003,10
Verlag: 
University of Oslo, Department of Economics, Oslo
Zusammenfassung: 
A structural model for retirement and employment based on a flexible, parametric utility function is developed. The model requires only cross section data and is estimated on survey data for Italy and register data for Norway. The estimates indicate that the preference structure among middle-aged Italian males and Norwegian males and females who are approaching retirement has strong similarities. The utility function estimates from a model with no consumption smoothing, seem more reasonable than estimates from a model with a perfect credit market. Policy simulations indicate a somewhat stronger response to cuts in pension benefits in Norway than in Italy.
Schlagwörter: 
Retirement
inter-temporal interpretation
estimates and policy
simulations
Italy
Norway
JEL: 
D10
H55
J26
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.07 MB





Publikationen in EconStor sind urheberrechtlich geschützt.