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Using a Structural Retirement Model to Simulate the Effects of Changes to the OASDI and Medicare Programs
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2004-10)
In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men in the later part of their working lives. The model is estimated ...