Is Mandatory Retirement Overrated? Evidence from the 1970s
AbstractIn this paper we argue that mandatory retirement is only one aspect of a much broader system that influences an individual's retirement decision. We look at responses over time to variations in mandatory retirement rules faced by a sample of private-sector workers aged 62-64 in 1973. This is done within a model that specifically includes the economic incentives present in Social Security and pension systems. We find that the impact of a mandatory retirement rule on work is considerably smaller than a simple comparison of those with and without mandatory retirement would imply.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 18 (1983)
Issue (Month): 3 ()
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Web page: http://jhr.uwpress.org/
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- Bound, John & Stinebrickner, Todd & Waidmann, Timothy, 2010.
"Health, economic resources and the work decisions of older men,"
Journal of Econometrics,
Elsevier, vol. 156(1), pages 106-129, May.
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