Postponing Retirement and Its Influence on Growth in a Dynastic Model with Differences in Vocation

DOI

10.2991/icemeet-16.2017.109How to use a DOI?

Keywords

Occupational delay retirement; Human Capital; Neoclassical growth model; Retirement wiling.

Abstract

Considering the different occupations and different groups of people willing to delay retirement, this article designed to delay the retirement age of differences in vocational. Model analysis show that: First, it will increase the total consumption; the second is when the growth rate of per capita assets is greater than the rate of decrease wages will increase the total social assets; third the per capita capital stock will be reduced k; four are indirect due to increased labor supply, it leads to a decline in real wages income levels. Recommendations respect the wishes of the workers, using more flexible policy by Occupation delay retirement, can increase the proportion of high-level human capital, better for promote economic development.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xi Peng
AU  - Jiajia Yu
AU  - Zhongchang Chen
PY  - 2017/01
DA  - 2017/01
TI  - Postponing Retirement and Its Influence on Growth in a Dynastic Model with Differences in Vocation
BT  - Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
PB  - Atlantis Press
SP  - 517
EP  - 523
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemeet-16.2017.109
DO  - 10.2991/icemeet-16.2017.109
ID  - Peng2017/01
ER  -