A theory of retirement
By: David E. Bloom, David Canning, Michael Moore
Contributors: Canning, David; Moore, Michael; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13630; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13630.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health.  We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure.  The retirement age increases proportionally less than the increase in life expectancy"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/7/2007.

Includes bibliographical references.

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