A rational choice theory of midlife crises
| Autor: | Liqun Liu, Andrew J. Rettenmaier, Thomas R. Saving |
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| Rok vydání: | 2012 |
| Předmět: | |
| Zdroj: | Economics Bulletin. 32(1):51-58 |
| Popis: | This paper models the midlife crisis as a decision on whether and when to realize a life dream, incorporating the key components of three psychology theories of midlife crises. It explains why a crisis (dream realization) tends to occur in the midlife if it occurs at all. Other results include that one either realizes his dream fully or not at all, that a shorter life expectancy makes a midlife crisis more likely, and that “crazier†dreams tend to be postponed to a later time in life. |
| Databáze: | OpenAIRE |
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