Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85667
Authors: 
Alders, Peter
Year of Publication: 
1999
Series/Report no.: 
Tinbergen Institute Discussion Paper 99-056/3
Abstract: 
This paper investigates the relation between human capital andretirement when the age of retirement is endogenous. This relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human capital by training-on-the-job and by learning-by-doing. The human capital of an employeeis subject to depreciation when knowledge of technologies becomesobsolete. After a shock in technology, the worker depreciates on hishuman capital. The lower human capital results in a lower life-timeincome, but also in a lower price of an earlier retirement.
Subjects: 
endogenous retirement
human capital
life-cycle models
JEL: 
J24
J26
O33
Document Type: 
Working Paper

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