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Cited by 912

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour

Open access
French, Eric·2005·The Review of Economic Studies
DOI 10.1111/j.1467-937x.2005.00337.x
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Abstract

This paper estimates a life cycle model of labour supply, retirement, and savings behaviour in which future health status and wages are uncertain. Individuals face a fixed cost of work and cannot borrow against future labour, pension, or Social Security income. The method of simulated moments is used to match the life cycle profiles of labour force participation, hours worked, and assets that are estimated from the data to those that are generated by the model. The model establishes that the tax structure of the Social Security system and pensions are key determinants of the high observed job exit rates at ages 62 and 65. Removing the tax wedge embedded in the Social Security earnings test for individuals aged 65 and older would delay job exit by almost one year. By contrast, Social Security benefit levels, health, and borrowing constraints are less important determinants of job exit at older ages. For example, reducing Social Security benefits by 20% would cause workers to delay exit from the labour force by only three months.

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Citations

Cites

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Research works printed but not linked: 46

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Cited by

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Metadata

Authors
French, E.
Venue
The Review of Economic Studies
Publisher
Oxford University Press (OUP)
Published
2005-04
Volume
72
Issue
2
Pages
395-427
ISSN
  • 0034-6527 (ISSN-L)
  • 1467-937X
DOI
10.1111/j.1467-937x.2005.00337.x
OpenAlex
W1984590825
Cited by
912
References
2
FWCI
89.34
Type
journal article
Language
en
Open access
green

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French, E. (2005). The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour. The Review of Economic Studies. https://doi.org/10.1111/j.1467-937x.2005.00337.x

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