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The Option Value Model in the Retirement Literature

The Trade-off Between Computational Complexity and Predictive Validity

by Michele BELLONI
08 April 2008

The Option Value Model in the Retirement Literature

The Trade-off Between Computational Complexity and Predictive Validity

Michele BELLONI

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European Network of Economic Policy Research Institutes (ENEPRI) Research Report No. 50 / 26 pages

This study gives an overview of retirement modelling, starting from the single-period consumption/leisure model up to the recent life-cycle multiple-decisions and joint retirement models, paying particular attention to the role played by the option value model in the economic literature on retirement.


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  • Author
    Michele BELLONI
    Michele BELLONI
The Option Value Model in the Retirement Literature The Trade-off Between Computational Complexity and Predictive Validity
Download Publication

1651 Downloads