Working life and welfare of the elderly

Project managerErik Hernæs
ClientNorges forskningsråd
Client project no.
ParticipantsJohn Dagsvik
Fedor Iskhakov
Zhiyang Jia
John Piggott
Kjetil Storesletten
Steinar Strøm
Tao Zhang
Weizhen Zhu
Period2003 - 2007 (ended)

Project description

Building on previous and current research in the Frisch Centre, the project entails a simultanous study of push and pull factors on the retirement decisions, including potential pension, labour market opportunities, work-place conditions, and health status. The interaction between health, work and retirement is investigated using longitudinal register data covering a 10-year period, supplemented with in-depth survey data linked to register data. This part is a joint effort of the Frisch Centre and NOVA. Cross-generational income distribution is studied, along with the impact from policy changes in the tax and pension rules. Furthermore, wage formation and savings behaviour, and the interaction between the public pension system, occupation based pension systems and wage formation and structure are investigated. This includes regulatory issues in defined contributions pension systems. Special emphasis will be placed on efficiency and equity issues. The transfer of risk from employer to employee and across generations, following a shift from defined contribution to defined benefit systems will also be investigated. Resource utilisation in the provision of long-term care for the elderly will be conducted, based on previous research at the Frisch Centre, and longitudinal studies of types of care and health trajecteries.


Scientific Journal

Heathcote, J., K. Storesletten og G.L. ViolanteTwo Views of Inequality over the Life-Cycle2005Journal of the European Economic Association 3 (2-3) 765-775
Storesletten, K.Fiscal Implications of Immigration - a Net Present Value Calculation2003The Scandinavian Journal of Economics 105, (3), 487-506
Storesletten, K., Hassler, J. og F. ZilibottiDynamic Political Choice in Macroeconomics2003Journal of the European Economic Association 1 (2-3), 543-52
Storesletten, K., Hassler, J., Rodriguez Mora, J. V. og F. ZilibottiThe Survival of the Welfare State2003American Economic Review 93 (1), 87-112


This series is published by the Department of Economics, University of Oslo, in cooperation with the Frisch Centre. The list below only contains those memoranda written in connection with projects at the Frisch Centre. A complete list of memoranda is found at http://urn.nb.no/URN:NBN:no-7118

Iskhakov, FedorPension reform in Norway: evidence from a structural dynamic model2008No. 14[PDF]
Iskhakov, FedorDynamic programming model of health and retirement2008No. 3[PDF]
Hernæs, Erik and Weizhen ZhuPension Entitlements and Wealth Accumulation2007No. 12[PDF]
Bakken, Line SmartThe Golden Age of Retirement2006No. 22[PDF]
Hernæs, Erik, Fedor Iskhakov and Steinar StrømEarly Retirement and Company Characteristics2006No. 16[PDF]
Hernæs, Erik, John Piggott, Tao Zhang and Steinar StrømThe Determinants of Occupational Pensions2006No. 1[PDF]

Frisch Working Paper

Hernæs, Erik and Zhiyang JiaAn evaluation of the labour market response of eliminating the retirement earnings test rule2007No. 1[PDF]
Hernæs, Erik and Tao ZhangCosts and coverage of occupational pensions2006No. 1[PDF]

Other journals

Røed, KnutFleksibel pensjon i Norge: En AFP‐ordning som motiverer til arbeid2006Økonomisk forum nr 1
Røed, K.En halv pensjonsreform?2005Økonomisk forum nr 1
Storesletten, K.Sosiale normer og økonomisk insentiver2005Minerva
Hernæs, ErikKommentar til Pensjonskommisjonens innstilling2004Tidsskrift for Velferdsforskning vol. 7, nr 2, 108-111[PDF]

Other publications

Zhu, WeizhenPension, Wealth and Household Behavior2009
Heathcote, J., K. Storesletten og G.L. ViolanteThe macroeconomic implications of rising wage inequality in the US2008
Iskhakov, FedorA dynamic structural analysis of health and retirement2008