報告題目：Labour market frictions, endogenous retirement, and wealth

報告人：Emil Kostadinov副教授華威大學（英國）

報告時間：2023年3月29日（星期三）下午15:00

報告地點：經濟與管理學院教11樓4層EMBA報告廳

報告人簡介

Emil Kostadinov博士是華威大學副教授，碩士生導師，保加利亞人，畢業於英國埃塞克斯大學，經濟學博士，師從Prof. Melvyn Coles 和 Dr. Carlos Carrillo-Tudela。他為研究生講授《應用宏觀經濟學》、《數學與統計》和《宏觀經濟學》，為本科生講授《應用經濟學》、《數學A》和《中級宏觀經濟學》。目前，Emil Kostadinov博士是英國高等教育學院會員、華威國際高等教育學院會員和華威Institute for Engagement 會員。

Report content: Life-cycle theory has long recognised that the properties of earnings processes affect saving decisions. Individual earning profiles are labour-market outcomes and the main life-cycle stages - a sequence of employment and retirement - correspond to labour-market decisions. This report demonstrates how such sequence emerges as a result of optimal labour-market behaviour of risk-averse workers facing search frictions; provides a tractable description of wealth dynamics emphasising the link between workers' labour-market productivity, wealth, retirement plans and saving decisions; explores the implications of efficient retirement choice for the saving decisions of heterogeneous households and studies their relevance in accounting for the empirical wealth distribution; and demonstrates the effect of costly education on the wealth distribution among individuals with different earning ability.

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