@article {19000,
	title = {A Note on {\textquotedblleft}A One-sector Neoclassical Growth Model with Endogenous Retirement{\textquotedblright}: Existence of Multiple Steady States},
	journal = {Japanese Economic Review},
	year = {2012},
	abstract = {This note extends Matsuyama{\textquoteright}s 0{\textendash}1 endogenous retirement choice model to the framework with continuous endogenous retirement choice to study the consumption-saving decision and capital accumulation in an overlapping generation model. The conditions for the existence of multiple steady states have been derived. In contrast to the 0 or 1 labour choice, the partial retirement may be a stable steady state under the continuous endogenous retirement choice in the second period. And this implies that partial retirement may be a stable optimal choice. Also, we find that the retirement choice depends on the initial capital stock when there are multiple steady states.},
	author = {Liutang Gong and Nianqing Liu}
}
