A structural dynamic analysis of retirement behaviour in the Netherlands
用动态规划模型分析荷兰老年人劳动参与和退休决策，发现福利和养老金制度的结构（特别是资格条件和退出路径替代）是退休的主要决定因素。
Abstract This study focuses on determinants of elderly labour force participation and retirement decisions in the Netherlands. This is analysed by a dynamic programming model for the simultaneous choice of retirement age and route, which includes social insurance and private pensions, eligibility conditions for early retirement, lifecycle wage and health profiles, and layoffs. Special attention is given to opportunities for and the effect of participation policies. Results show that institutional structures of benefit and pension programmes are prime determinants of retirement, particularly eligibility conditions and potential substitution between exit routes, and that dynamic aspects are relevant for understanding retirement behaviour. Copyright © 2004 John Wiley & Sons, Ltd.