Nonconvexities, Retirement, and the Elasticity of Labor Supply

Author(s): Rogerson, Richard; Wallenius, Johanna

Download

To refer to this page use: http://arks.princeton.edu/ark:/88435/pr1ff71

Full metadata record

DC Field	Value	Language
dc.contributor.author	Rogerson, Richard	-
dc.contributor.author	Wallenius, Johanna	-
dc.date.accessioned	2020-04-06T23:30:59Z	-
dc.date.available	2020-04-06T23:30:59Z	-
dc.date.issued	2013-06	en_US
dc.identifier.citation	Rogerson, Richard, Wallenius, Johanna. (2013). Nonconvexities, Retirement, and the Elasticity of Labor Supply. American Economic Review, 103 (4), 1445 - 1462. doi:10.1257/aer.103.4.1445	en_US
dc.identifier.issn	0002-8282	-
dc.identifier.uri	http://arks.princeton.edu/ark:/88435/pr1ff71	-
dc.description.abstract	We consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the size of the nonconvexities. This link is robust to allowing for credit constraints and human capital accumulation by younger workers and suggests values for the IES that are .75 or higher.	en_US
dc.format.extent	1445 - 1462	en_US
dc.language.iso	en	en_US
dc.relation.ispartof	American Economic Review	en_US
dc.rights	Final published version. Article is made available in OAR by the publisher's permission or policy.	en_US
dc.title	Nonconvexities, Retirement, and the Elasticity of Labor Supply	en_US
dc.type	Journal Article	en_US
dc.identifier.doi	doi:10.1257/aer.103.4.1445	-
pu.type.symplectic	http://www.symplectic.co.uk/publications/atom-terms/1.0/journal-article	en_US

Files in This Item:

File	Description	Size	Format
AER_Rogerson and Wallenius.pdf		593.5 kB	Adobe PDF	View/Download