理解收入、劳动力供给和退休决定

Q3 Social Sciences

Social Security Bulletin Pub Date : 2017-09-01 DOI:10.2139/ssrn.3107764

Xiaodong Fan, Ananth Seshadri, Christopher R. Taber

{"title":"理解收入、劳动力供给和退休决定","authors":"Xiaodong Fan, Ananth Seshadri, Christopher R. Taber","doi":"10.2139/ssrn.3107764","DOIUrl":null,"url":null,"abstract":"We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the human capital and earnings dynamics literature). In addition, we introduce health shocks. We estimate the model and match the life-cycle profiles of wages, hours and retirement from SIPP data. We analyze the impact of health shocks on retirement, as well as the effect of changes in payroll taxes and increases in the Normal Retirement Age on labor force participation of older Americans.","PeriodicalId":39542,"journal":{"name":"Social Security Bulletin","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2017-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"8","resultStr":"{\"title\":\"Understanding Earnings, Labor Supply, and Retirement Decisions\",\"authors\":\"Xiaodong Fan, Ananth Seshadri, Christopher R. Taber\",\"doi\":\"10.2139/ssrn.3107764\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the human capital and earnings dynamics literature). In addition, we introduce health shocks. We estimate the model and match the life-cycle profiles of wages, hours and retirement from SIPP data. We analyze the impact of health shocks on retirement, as well as the effect of changes in payroll taxes and increases in the Normal Retirement Age on labor force participation of older Americans.\",\"PeriodicalId\":39542,\"journal\":{\"name\":\"Social Security Bulletin\",\"volume\":\"1 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2017-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"8\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Social Security Bulletin\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3107764\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Social Security Bulletin","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3107764","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}

引用次数: 8

摘要

我们开发并估计了一个模型，在这个模型中，个人对消费、人力资本投资、劳动力供给和退休做出了决定。与之前的所有工作不同，我们的模型允许内生工资过程(在人力资本和收入动力学文献中通常假设是外生的)。此外，我们引入了健康冲击。我们对模型进行了估计，并从SIPP数据中匹配了工资、工时和退休的生命周期概况。我们分析了健康冲击对退休的影响，以及工资税的变化和正常退休年龄的提高对美国老年人劳动力参与的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Understanding Earnings, Labor Supply, and Retirement Decisions

We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the human capital and earnings dynamics literature). In addition, we introduce health shocks. We estimate the model and match the life-cycle profiles of wages, hours and retirement from SIPP data. We analyze the impact of health shocks on retirement, as well as the effect of changes in payroll taxes and increases in the Normal Retirement Age on labor force participation of older Americans.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Social Security Bulletin Social Sciences-Social Sciences (miscellaneous)

CiteScore

0.70

自引率

0.00%

发文量