A model with special attention on the (subjective) survival probability is proposed to understand salient aspects of retirement age decision. Optimal retirement age results are derived with a death hazard rate function having non-negative duration dependence. At the optimum age, the retiree...

Tutkimuksen tavoitteena on arvioida, nostiko vuoden 2005 eläkejärjestelmän ns. superkarttumasääntö eläköitymisikää 63 ikävuoden jälkeen. Tarkastelun kohteena on vuoden 1947 syntymäkohortin siirtyminen vuosina 2007-2015 vanhuuseläkkeelle. Superkarttuma mahdollisti paremman...

Regression discontinuity (RD) analysis of retirement durations and retiree death ages is conducted with the Finnish year 1947 birth cohort. Data consist of observations from the sample follow-up period in 1.1.2007 – 31.12.2019. For the year 1947 cohort the eligible retirement age with old-age...

We propose an elementary economic model which assumes that the integral of life survival function can be interpreted as a utility function. The model helps us to understand connections between individual’s survival estimate to some specific age and the timing of retirement. The difference...

Paper proposes a model of retirement duration maximization based on retiree’s ex-ante intended retirement age and subjective survival time estimate. The optimum result needs that retirement age is an increasing convex function of survival time estimate supporting postponed retirement age with...

A simultaneous three-equation model is specified between GDP per capita (GDPc) level, infant mortality rate and health expenditures for 194 countries from 1990 to 2014. GMM-2SLS estimation results indicate that simultaneous decreasing infant mortality rate and increasing GDPc level effects are...

A simultaneous three-equation model is specified between GDP per capita (GDPc) level, infant mortality rate and health expenditures for 194 countries from 1990 to 2014. GMM-2SLS estimation results indicate that simultaneous decreasing infant mortality rate and increasing GDPc level effects are...

Panel data and Hsiao's version of Granger non-causality tests are used to revisit the relationship between GDP and aggregate health care spending, their growth rate series and de-trended series. The possible causality is assumed to be valid in either or in both directions. For the sample of 34...