La conducta del retiro: el caso de un país productor de petróleo

José de Jesús Rocha Salazar; María del Carmen Boado-Penas

doi:10.26360/2018_5

Authors

José de Jesús Rocha Salazar University of Liverpool (United Kingdom)
María del Carmen Boado-Penas University of Liverpool (United Kingdom)

DOI:

https://doi.org/10.26360/2018_5

Keywords:

financial effect, macroeconomic effect, petroleum prices, retirement decisions

Abstract

This study analyzes the impact of macroeconomic and financial variables on retirement decisions. Socio-demographic characteristics such as gender, age and level of education are considered. The unemployment rate is used as macroeconomic variable and the stock market and oil prices as financial variables. Special attention is given to oil prices. It is concluded that macroeconomic and financial variables have an impact mainly in the long term and that the number of new pensioners increases when oil prices decrease.

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