Recently, much attention has been devoted to econometric models as a new tool for dynamic microsimulation. In particular, microeconometric approaches to retirement decisions have been increasingly adopted for "calibrating" dynamic microsimulation frameworks aiming at endogenizing retirement choices. By doing this, both the understandment and the prediction of the effects of policy reforms (for istance, of Social Security systems) can be significantly improved. In this work an overview of the most recent developments in micromodeling retirement decisions is carried out. In particular, as for the choice of the estimation strategy, special emphasis is posed on the trade-off between the degree of realism of hypotheses, on the one hand, and on data tractability and/or estimation performance, on the other hand. Finally, some issues which represent a challenging avenue for future research are discussed.

Recent advances in micromodeling retirement choices: a survey

SPATARO, LUCA
2005-01-01

Abstract

Recently, much attention has been devoted to econometric models as a new tool for dynamic microsimulation. In particular, microeconometric approaches to retirement decisions have been increasingly adopted for "calibrating" dynamic microsimulation frameworks aiming at endogenizing retirement choices. By doing this, both the understandment and the prediction of the effects of policy reforms (for istance, of Social Security systems) can be significantly improved. In this work an overview of the most recent developments in micromodeling retirement decisions is carried out. In particular, as for the choice of the estimation strategy, special emphasis is posed on the trade-off between the degree of realism of hypotheses, on the one hand, and on data tractability and/or estimation performance, on the other hand. Finally, some issues which represent a challenging avenue for future research are discussed.
2005
Spataro, Luca
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11568/92499
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? ND
social impact