Arbeitspapier
Retirement in Italy and Norway
A structural model for retirement and employment based on a flexible, parametric utility function is developed. The model requires only cross section data and is estimated on survey data for Italy and register data for Norway. The estimates indicate that the preference structure among middle-aged Italian males and Norwegian males and females who are approaching retirement has strong similarities. The utility function estimates from a model with no consumption smoothing, seem more reasonable than estimates from a model with a perfect credit market. Policy simulations indicate a somewhat stronger response to cuts in pension benefits in Norway than in Italy.
- Sprache
-
Englisch
- Erschienen in
-
Series: Memorandum ; No. 2003,10
- Klassifikation
-
Wirtschaft
Household Behavior: General
Social Security and Public Pensions
Retirement; Retirement Policies
- Thema
-
Retirement
inter-temporal interpretation
estimates and policy
simulations
Italy
Norway
Altersgrenze
Zeitpräferenz
Schätzung
Italien
Norwegen
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Colombino, Ugo
Hernæs, Erik
Jia, Zhyiang
Strøm, Steinar
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oslo, Department of Economics
- (wo)
-
Oslo
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Colombino, Ugo
- Hernæs, Erik
- Jia, Zhyiang
- Strøm, Steinar
- University of Oslo, Department of Economics
Entstanden
- 2003
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