title: Retirement patterns in Hong Kong: a censored regression analysis.
abstract: "This paper provides an overview of retirement patterns in Hong Kong on the basis of limited data. A censored regression model is used to infer the retirement age from people's current retirement status and their current age. This model is equivalent to a restricted probit model, and the interpretation of parameters is straightforward. The results clearly show a negative income effect on the retirement decision. The retirement age seems to be positively related to lifetime earnings but negatively related to the rate of decline of earnings with age."
authors.forename: W
authors.initials: W
authors.lastname: Suen
mesh_terms: D000367:Age Factors; D001208:Asia; D003710:Demography; D003906:Developing Countries; D004467:Economics; D004651:Employment; D005202:Asia, Eastern; D006723:Hong Kong; D007182:Income; D008962:Models, Theoretical; D011153:Population; D011154:Population Characteristics; D012106:Research; D012179:Retirement; D012923:Social Class; D012959:Socioeconomic Factors
keywords: Age Factors; Asia; Demographic Factors; Developing Countries; Eastern Asia; Economic Factors; Employment Status; Hong Kong; Income; Models, Theoretical; Population; Population Characteristics; Research Methodology; Retirement--determinants; Socioeconomic Factors; Socioeconomic Status