1999-08-05
Human Capital and Retirement
Publication
Publication
This paper investigates the relation between human capital and retirement when the age of retirement is endogenous. This relation is examined in a life-cycle earnings model. An employee works full time until retirement. The worker accumulates human capital by training- on-the-job and by learning-by-doing. The human capital of an employee is subject to depreciation when knowledge of technologies becomes obsolete. After a shock in technology, the worker depreciates on his human capital. The lower human capital results in a lower life-time income, but also in a lower price of an earlier retirement.
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hdl.handle.net/1765/7717 | |
Tinbergen Institute Discussion Paper Series | |
Organisation | Tinbergen Institute |
Alders, P.G.W. (1999). Human Capital and Retirement (No. TI 99-056/3). Tinbergen Institute Discussion Paper Series. Retrieved from http://hdl.handle.net/1765/7717
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