全球智库信息集成服务系统(G2TT): Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR)

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20001
来源ID	Working Paper 20001
	Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR)
	Satoshi Shimizutani; Takashi Oshio; Mayu Fujii
发表日期	2014-03-20
出版年	2014
语种	英语
摘要	This study examined the factors that affect the retirement decisions of the middle-aged and elderly in Japan, focusing especially on their earnings, public pension benefits, and health status. Using two-year panel data from the JSTAR and applying the OV model proposed by Stock and Wise (1990a, 1990b), we found that the probability of retirement has a negative and significant correlation with the OV of work, and that correlation does not depend on the health status. Our counter-factual simulation based on the OV model showed that, if the probability of being enrolled in the disability program were zero, the average years of work when individuals are in their 50s and 60s would increase. However, it should be emphasized that, in Japan--where being enrolled in the disability program is unlikely to make one a candidate for the retirement path--the result of this simulation does not indicate that satisfying the eligibility criteria for disability pension receipts will more stringently increase the labor supplied by the middle-aged and elderly.
主题	Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Health ; Labor Economics ; Labor Supply and Demand
URL	https://www.nber.org/papers/w20001
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/577675
推荐引用方式 GB/T 7714	Satoshi Shimizutani,Takashi Oshio,Mayu Fujii. Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR). 2014.