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Retirement Flows


Author Info

  • Alan L. Gustman
  • Thomas L. Steinmeier


This paper considers labor market flows of older workers among the states of nonretirement, partial retirement and full retirement.Statistics are presented which describe entry, exit and continuation rates for each state by age, duration dependence, and "reverse flows."One important finding which has implications for the structure of utility functions embedded in life cycle retirement models is the relatively high incidence but short duration of partial retirement.These implications are discussed.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1069.

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Date of creation: Jan 1983
Date of revision:
Publication status: published as Gustman, Alan L. and Thomas L. Steinmeier. "Modeling the Retirement Process for Policy Evaluation and Research." (title different from WP) Monthly Labor Review, Vol. 107, No. 7, July 1984, pp. 26-33.
Handle: RePEc:nbr:nberwo:1069

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Cited by:
  1. Ricky Kanabar, 2013. "Unretirement in England: An Empirical Perspective," Discussion Papers, Department of Economics, University of York 13/25, Department of Economics, University of York.
  2. Katherine G. Abraham & Susan N. Houseman, 2004. "Work and Retirement Plans among Older Americans," Upjohn Working Papers and Journal Articles, W.E. Upjohn Institute for Employment Research 04-105, W.E. Upjohn Institute for Employment Research.
  3. Tetsuji Yamada & Tadashi Yamada, 1987. "Social Security and Earlier Retirement in Japan: Cross-Sectional Evidence," NBER Working Papers 2442, National Bureau of Economic Research, Inc.


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