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Autor:innen: 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. 99-056/3
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
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.
Schlagwörter: 
endogenous retirement
human capital
life-cycle models
JEL: 
J24
J26
O33
Dokumentart: 
Working Paper
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