Private Wealth and Planned Early Retirement: A Panel Data Analysis for the Netherlands, 1994-2009
32 Pages Posted: 29 Nov 2010
There are 2 versions of this paper
Private Wealth and Planned Early Retirement: A Panel Data Analysis for the Netherlands 1994-2009
Abstract
We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but significant effect of private wealth on planned early retirement.
Keywords: early retirement, private wealth, subjective retirement expectations
JEL Classification: C23, J26
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Saving and Investing for Early Retirement: A Theoretical Analysis
By Emmanuel Farhi and Stavros Panageas
-
Lifetime Consumption and Investment: Retirement and Constrained Borrowing
By Hong Liu and Philip H. Dybvig
-
Optimal Consumption and Investment with Labor Income Uncertainty and Endogenous Retirement
-
Optimal Portfolio, Consumption-Leisure and Retirement Choice Problem with Ces Utility
By Kyoung Jin Choi, Gyoocheol Shim, ...
-
Distribution of Bankruptcy Time in a Consumption/Portfolio Problem
By Ernst Presman and Suresh Sethi