The Life-Cycle Model with Optimal Retiring Age and Simulation  

The Life-Cycle Model with Optimal Retiring Age and Simulation

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作  者:CAI Donghan ZHONG Zhou LI Yuanyuan 

机构地区:[1]School of Mathematics and Statistics,Wuhan University

出  处:《Wuhan University Journal of Natural Sciences》2018年第4期333-337,共5页武汉大学学报(自然科学英文版)

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

摘  要: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.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.

关 键 词:life-cycle model optimal retirement age numerical simulation 

分 类 号:O224[理学—运筹学与控制论]

 

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