Optimal time allocation in active retirement. Working Paper 02/2019

Sanchez-Romero M & Fürnkranz-Prskawetz A (2019). Optimal time allocation in active retirement. Working Paper 02/2019. TU Wien , Vienna, Austria.

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Abstract

We set up a lifecycle model of a retired scholar who chooses opti-mally the time devoted to different activities including physical activity,continued work and social engagement. While time spent in physicalactivity increases life expectancy, continued scientific publications in-creases the knowledge stock. We show the optimal trade off betweenthese activities in retirement and its sensitivity with respect to alterna-tive settings of the preference parameters.

Item Type: Other
Uncontrolled Keywords: Time allocation; Active retirement; Longevity; Scientific production
Research Programs: World Population (POP)
Depositing User: Luke Kirwan
Date Deposited: 08 Apr 2019 08:37
Last Modified: 09 Apr 2019 08:52
URI: http://pure.iiasa.ac.at/15837

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