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A One-Sector Neoclassical Growth Model with Endogenous Retirement
http://hdl.handle.net/2261/18413
http://hdl.handle.net/2261/18413ef484cde-9f16-4af5-84dd-8d57625e97a9
Item type | テクニカルレポート / Technical Report(1) | |||||
---|---|---|---|---|---|---|
公開日 | 2013-06-03 | |||||
タイトル | ||||||
タイトル | A One-Sector Neoclassical Growth Model with Endogenous Retirement | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題 | JEL Classification : D91, O11 | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Diamond’s Overlapping Generations Model | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Labor Force Participation of the Elderly | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Magnification Effects | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Multiple Steady States | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Persistence | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Poverty Traps | |||||
主題Scheme | Other | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
アクセス権 | ||||||
アクセス権 | metadata only access | |||||
アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
著者 |
Matsuyama, Kiminori
× Matsuyama, Kiminori |
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著者所属 | ||||||
著者所属 | Northwestern University | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper extends Diamond's OG model by allowing the agents to make the retirement decision. Earning a higher wage income when young not only enables the agents to save more. It also induces more agents to retire early and gives an additional incentive to save more for retirement. This leads to a higher capitallabor ratio in the following period, and hence the next generation of agents earns a higher wage income when young. Due to this positive feedback mechanism, endogenous retirement magnifies the persistence of growth dynamics and even generates multiple steady states for empirically plausible parameter values. | |||||
内容記述 | ||||||
内容記述タイプ | Other | |||||
内容記述 | 本文フィルはリンク先を参照のこと | |||||
書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-531, 発行日 2007-12 |
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書誌レコードID | ||||||
収録物識別子タイプ | NCID | |||||
収録物識別子 | AA11450569 | |||||
フォーマット | ||||||
内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
日本十進分類法 | ||||||
主題 | 335 | |||||
主題Scheme | NDC | |||||
出版者 | ||||||
出版者 | 日本経済国際共同センター | |||||
出版者別名 | ||||||
Center for International Research on the Japanese Economy | ||||||
関係URI | ||||||
識別子タイプ | URI | |||||
関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2007/2007cf531ab.html |