G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w1459
来源IDWorking Paper 1459
An Analysis of the Health and Retirement Status of the Elderly
Robin C. Sickles; Paul J. Taubman
发表日期1984-09-01
出版年1984
语种英语
摘要in this paper we specify and estimate a structural limited dependent variable model with which we study both the health and retirement status of the elderly. Standard linear estimators, which assume that these variable sare continuous, are not appropriate and categorical estimation techniques are preferred. Our model differs from previous work in that we have longitudinal data and random effects that are correlated over time for different individuals. The problem is made more complicated because there is sample truncation, which could potentially bias coefficient estimates, since approximately twenty percent of the individuals in our sample die. We outline the full information maximum likelihood estimator for such a model and implement it in our empirical analysis. With our structural estimates we analyze, among other things, the degree to which endogeneously determined health status affects the probability of retirement and how changes in social security benefits and eligibility for transfer payments modify both healthiness and the demand for leisure.
主题Econometrics
URLhttps://www.nber.org/papers/w1459
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/558694
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GB/T 7714
Robin C. Sickles,Paul J. Taubman. An Analysis of the Health and Retirement Status of the Elderly. 1984.
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