Using a Structural Retirement Model to Simulate the Effects of Changes to the OASDI and Medicare Programs

Authors

Abstract

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 using data from the Health and Retirement Study. We use the model to simulate the impact on behavior of raising the normal retirement age, eliminating early retirement altogether and introducing universal health insurance.

Full Text

Download PDF

Project

Paper ID

WP 2004-091

Publication Type

Working Paper

Publication Year

2004
pavement-enterprise