Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35215 
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dc.contributor.authorBloemen, Hans G.en
dc.date.accessioned2008-08-29-
dc.date.accessioned2010-07-07T11:34:57Z-
dc.date.available2010-07-07T11:34:57Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3386en
dc.subject.jelJ26en
dc.subject.ddc330en
dc.subject.keywordRetirementen
dc.subject.keywordlife cycle modelsen
dc.subject.keywordsavingen
dc.subject.stwReichtumen
dc.subject.stwAltersgrenzeen
dc.subject.stwSparenen
dc.subject.stwPrivater Haushalten
dc.subject.stwLebenszyklusen
dc.subject.stwMehrebenenanalyse (Statistik)en
dc.subject.stwNiederlandeen
dc.titlePrivate wealth and job exit at older age: a random effects model-
dc.type|aWorking Paperen
dc.identifier.ppn560862067en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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