Labour market transitions and retirement of men in the UK

摘要: Abstract We study transitions in and out of work for men over the age 40 order to investigate principal determinants retirement age. apply non-parametric techniques describe exit retirement. then estimate a multiple spell model allowing correlated heterogeneity across different types spells. also present an LM test unobserved models. Finally, we assess importance economic variables determining find that increased earnings delay job while social security benefits return work. In conjunction, two effects imply incentives may be important