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Ability, Promotion, and Optimal Retirement

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  • Stern, Steven

Abstract

This article considers a model in which the productivity of a worker depends on his experience, ability, and position in the firm. It is shown that workers are sorted in positions based on comparative advantage. Furthermore, workers are induced to retire when productivity is equal to the value of time after adjusting for the reallocation of other workers by positions that would occur if the worker retired. Copyright 1994 by University of Chicago Press.

Suggested Citation

  • Stern, Steven, 1994. "Ability, Promotion, and Optimal Retirement," Journal of Labor Economics, University of Chicago Press, vol. 12(1), pages 119-137, January.
    • Handle: RePEc:ucp:jlabec:v:12:y:1994:i:1:p:119-37
    DOI: 10.1086/298346
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    Cited by:

    1. Bellmann, Lutz & Janik, Florian, 2007. "Firms and Early Retirement: Offers That One Does Not Refuse," IZA Discussion Papers 2931, Institute of Labor Economics (IZA).
    2. Justina A.V. Fischer & Alfonso Sousa-Poza, 2006. "The Institutional Determinants of Early Retirement in Europe," University of St. Gallen Department of Economics working paper series 2006 2006-08, Department of Economics, University of St. Gallen.

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