Optimal time allocation in active retirement

Arbeitspapier

We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the knowledge stock. We show the optimal trade off between these activities in retirement and its sensitivity with respect to alternative settings of the preference parameters.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECON WPS ; No. 02/2019

Classification and Topics

• Classification: Wirtschaft ; Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Time Allocation and Labor Supply ; Retirement; Retirement Policies ; Health Behavior
• Subject: Time allocation ; Active retirement ; Longevity ; Scientific production

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sanchez-Romero, Miguel ; Fürnkranz-Prskawetz, Alexia
• Event: Veröffentlichung
• (who): Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
• (where): Vienna
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/195068
• Last update: 10.03.2025, 11:43 AM CET