Retirement Strategy Study Based on Simulation Experiment

Abstract

To minimize negative effects, it is necessary to well-consider workers’ retirement intentions and decisions when government formulates and implements postponing statutory retirement age scheme having significant influences on interests of government and workers. In reality, formation of workers’ retirement strategies is not based on perfect information and complete rationality, but affected by social relation network. This paper establishes a simulation experiment model to simulate reflections of workers being confronted with a delaying retirement scheme. The results after running a simple experiment show that a worker’ retirement intention and decision may change after referring to link-persons’ mainstream opinions no matter how decision-making ability he/she has.