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Social Security and the Determinants of Full and Partial Retirement: A Competing Risks Analysis

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Author Info
Glenn T. Sueyoshi
Abstract

Empirical analyses of retirement typically assume a single form of retirement. In this paper, I consider the determinants of retirement in a competing risks model which allows for full and partial retirement. Simulation results indicate that the large increase in Social Security benefits in the early 1970s has had moderate effects upon retirement, increasing the probability of early full retirement (before age 65) by less than 5 percent and reducing the probability of partial retirement by 1-2 percent.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3113.

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Date of creation: Sep 1989
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Handle: RePEc:nbr:nberwo:3113

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Berkovec, James & Stern, Steven, 1991. "Job Exit Behavior of Older Men," Econometrica, Econometric Society, vol. 59(1), pages 189-210, January. [Downloadable!] (restricted)
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  1. Simone Kohnz & Reinhold Schnabel, 2002. "Micro Modeling of Retirement Decisions in Germany," MEA discussion paper series 02020, Mannheim Research Institute for the Economics of Aging, University of Mannheim. [Downloadable!]
  2. Simone Kohnz & Reinhold Schnabel, 2002. "Micro Modeling of Retirement Decisions in Germany," MEA discussion paper series 02020, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
  3. Jonathan Gruber & Brigitte C. Madrian, 1993. "Health Insurance Availability and the Retirement Decision," NBER Working Papers 4469, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  4. Diana Warren & Umut Oguzoglu, 2007. "Retirement in Australia: A Closer Look at the Financial Incentives," Melbourne Institute Working Paper Series wp2007n24, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
  5. Andrew A. Samwick, 1998. "New Evidence on Pensions, Social Security, and the Timing of Retirement," NBER Working Papers 6534, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Axel Borsch-Supan, 1999. "Incentive Effects of Social Security Under an Uncertain Disability Option," NBER Working Papers 7339, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Axel Borsch-Supan, 1998. "Incentive Effects of Social Security on Labor Force Participation: Evidence in Germany and Across Europe," NBER Working Papers 6780, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Jonathan Gruber & Brigitte Madrian, 1993. "Health Insurance and Early Retirement: Evidence from the Availability ofContinuation Coverage," NBER Working Papers 4594, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  9. Axel Borsch-Supan & Reinhold Schnabel, 1997. "Social Security and Retirement in Germany," NBER Working Papers 6153, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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