A One-Sector Neoclassical Growth Model with Endogenous Retirement 利用統計を見る

アイテムタイプ	テクニカルレポート / Technical Report
言語	英語
キーワード	JEL Classification : D91, O11, Diamond’s Overlapping Generations Model, Labor Force Participation of the Elderly, Magnification Effects, Multiple Steady States, Persistence, Poverty Traps
著者	Matsuyama Kiminori
著者所属	Northwestern University
抄録	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	本文フィルはリンク先を参照のこと
雑誌名	Discussion paper series. CIRJE-F
巻	CIRJE-F-531
発行年	2007-12
書誌レコードID	AA11450569
フォーマット	application/pdf
日本十進分類法	335
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	http://www.cirje.e.u-tokyo.ac.jp/research/dp/2007/2007cf531ab.html

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