Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35215
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dc.contributor.authorBloemen, Hans G.en_US
dc.date.accessioned2008-08-29en_US
dc.date.accessioned2010-07-07T11:34:57Z-
dc.date.available2010-07-07T11:34:57Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/35215-
dc.description.abstractPrivate wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are unobservable worker's characteristics that affect both net wealth and the job exit rate. We specify a simultaneous equations model for job exit transitions with multiple destinations, net wealth, and the initial labour market state. The job exit rates and the net wealth equation contain random effects. We allow for correlation between the random effects of job exit and net wealth, and the initial labour market state.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion Papers |x3386en_US
dc.subject.jelJ26en_US
dc.subject.ddc330en_US
dc.subject.keywordRetirementen_US
dc.subject.keywordlife cycle modelsen_US
dc.subject.keywordsavingen_US
dc.subject.stwReichtumen_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwSparenen_US
dc.subject.stwPrivater Haushalten_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwMehrebenenanalyse (Statistik)en_US
dc.subject.stwNiederlandeen_US
dc.titlePrivate wealth and job exit at older age: a random effects modelen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn560862067en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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