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The Life-Cycle Model with Optimal Retiring Age and Simulation

  • Mathematics
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Wuhan University Journal of Natural Sciences

Abstract

In this paper, a life-cycle model with retirement is set up to study how an individual chooses the optimal retiring age on account of wage growth rate, longevity and healthy state. It is proved that there exists optimal retiring age under given conditions. The numerical simulations are given to show how wage growth rate, longevity and healthy state affect retiring age.

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Authors and Affiliations

  1. School of Mathematics and Statistics, Wuhan University, Wuhan, Hubei, 430072, China

    Donghan Cai, Zhou Zhong & Yuanyuan Li

Authors
  1. Donghan Cai
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  2. Zhou Zhong
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  3. Yuanyuan Li
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Corresponding author

Correspondence to Donghan Cai.

Additional information

Foundation item: Supported by the National Natural Science Foundation of China(71271158)

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Cai, D., Zhong, Z. & Li, Y. The Life-Cycle Model with Optimal Retiring Age and Simulation. Wuhan Univ. J. Nat. Sci. 23, 333–337 (2018). https://doi.org/10.1007/s11859-018-1331-0

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  • DOI: https://doi.org/10.1007/s11859-018-1331-0

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