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Mandatory retirement and economic growth: An inverted U-shaped relationship

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  • Lars Kunze

    (TU Dortmund)

Abstract

The aim of this note is to investigate the relationship between economic growth and mandatory retirement in an overlapping generations model where private investment in human capital is the engine of endogenous growth. We derive a novel result in the retirement-growth literature by showing that the relationship between the mandatory retirement age and economic growth is inverted U-shaped.

Suggested Citation

  • Lars Kunze, 2014. "Mandatory retirement and economic growth: An inverted U-shaped relationship," Economics Bulletin, AccessEcon, vol. 34(2), pages 885-891.
    • Handle: RePEc:ebl:ecbull:eb-14-00180
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    References listed on IDEAS

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    Cited by:

    1. Miyake, Yusuke & Yasuoka, Masaya, 2018. "Intergenerational Mobility and Policy in an Aging Population," MPRA Paper 89139, University Library of Munich, Germany.
    2. Hung-ju Chen & Koichi Miyazaki, 2020. "Labor productivity, labor supply of the old, and economic growth," Economics Bulletin, AccessEcon, vol. 40(1), pages 277-285.
    3. Peter J. Stauvermann & Ronald R. Kumar, 2018. "Adult Learning, Economic Growth and the Distribution of Income," Economies, MDPI, vol. 6(1), pages 1-12, February.
    4. Chen, Hung-Ju & Huang, Shang-Chieh & Miyazaki, Koichi, 2024. "Life expectancy, fertility, and retirement in an endogenous-growth model with human capital accumulation," Economic Modelling, Elsevier, vol. 130(C).
    5. Peter J. Stauvermann & Jin Hu, 2018. "What can China Expect from an Increase of the Mandatory Retirement Age?," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 229-246, May.
    6. Jin Hu & Peter-Josef Stauvermann & Surya Nepal & Yuanhua Zhou, 2023. "Can the Policy of Increasing Retirement Age Raise Pension Revenue in China—A Case Study of Anhui Province," IJERPH, MDPI, vol. 20(2), pages 1-15, January.
    7. Masato Masuyama & Ryoji Ohdoi, 2022. "The relationship between mandatory retirement and patterns of human capital accumulation," Economics Bulletin, AccessEcon, vol. 42(2), pages 1192-1202.
    8. Masaya Yasuoka, 2019. "Elderly Labor and Precautionary Saving," Discussion Paper Series 193, School of Economics, Kwansei Gakuin University.

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    More about this item

    Keywords

    retirement; overlapping generations; human capital; growth;
    All these keywords.

    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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