Does Machine Learning Offer Added Value Vis-à-Vis Traditional Statistics? An Exploratory Study on Retirement Decisions Using Data from the Survey of Health, Ageing, and Retirement in Europe (SHARE)

Does Machine Learning Offer Added Value Vis-à-Vis Traditional Statistics? An Exploratory Study on Retirement Decisions Using Data from the Survey of Health, Ageing, and Retirement in Europe (SHARE)

Do machine learning algorithms perform better than statistical survival analysis when predicting retirement decisions? This exploratory article addresses the question by constructing a pseudo-panel with retirement data from the Survey of Health, Ageing, and Retirement in Europe (SHARE). The analysis...

Full description

Bibliographic Details
Main Authors: Montserrat González Garibay, Andrej Srakar, Tjaša Bartolj, Jože Sambt
Format: Article
Language:English
Published: MDPI AG 2022-01-01
Series:Mathematics
Subjects:
machine learning
random forests
retirement
survival analysis
time-dependent covariates
Online Access:https://www.mdpi.com/2227-7390/10/1/152

Internet

https://www.mdpi.com/2227-7390/10/1/152

Similar Items