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For Whom the 'Retirement' Bell Tolls: Inter-temporal Comparisons Using the 1994 and 2002 Canadian General Social Survey

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Author Info

  • admin, clsrn
  • Gomez, Rafael
  • Gunderson, Morley

Abstract

Data from the 2002 and 1994 General Social Survey are used to analyze the determinants of retiring due to mandatory retirement and the expected age of retirement in Canada. Changes between 1994 and 2002 are decomposed into a component attributable to shifts in the composition of respondents and the other component to changes in the preferences and constraints of respondents, the latter playing a very important role for both outcomes. Specifically, between 1994 and 2002 we find: (1) a 1.3 percentage point drop in the probability of retiring due to mandatory retirement, with that drop due to preference/constraint changes substantially reducing the probability of retiring due to mandatory retirement but being almost offset by a change in the composition of the workforce that increased the probability of retiring due to mandatory retirement; and (2) a 3.7 year increase in the expected age of retirement, with that increase being almost exclusively attributable to preference and constraint shifts. The implications of these findings for employers, employees and policy makers are

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File URL: http://www.clsrn.econ.ubc.ca/workingpapers/CLSRN%20Working%20Paper%20no.%2022%20-%20Gomez-Gunderson.pdf
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Bibliographic Info

Paper provided by Vancouver School of Economics in its series CLSSRN working papers with number clsrn_admin-2009-31.

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Length: 31 pages
Date of creation: 22 Apr 2009
Date of revision: 22 Apr 2009
Handle: RePEc:ubc:clssrn:clsrn_admin-2009-31

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Web page: http://www.clsrn.econ.ubc.ca/

Related research

Keywords: Retirement; Expected Retirement Age; Labour Supply; Mandatory Retirement;

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References

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  1. Morley Gunderson, 2003. "Age Discrimination in Employment in Canada," Contemporary Economic Policy, Western Economic Association International, vol. 21(3), pages 318-328, 07.
  2. Fairlie, Robert W, 1999. "The Absence of the African-American Owned Business: An Analysis of the Dynamics of Self-Employment," Journal of Labor Economics, University of Chicago Press, vol. 17(1), pages 80-108, January.
  3. Richard J. Butler & Marjorie Baldwin & William Johnson, 1995. "Managing work disability: Why first return to work is not a measure of success," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(3), pages 452-469, April.
  4. Rafael Gomez & Morley Gunderson & Noah Meltz, 2002. "Comparing Youth and Adult Desire for Unionization in Canada," British Journal of Industrial Relations, London School of Economics, vol. 40(3), pages 542-519, 09.
  5. James E. Pesando & Morley Gunderson, 1988. "Retirement Incentives Contained in Occupational Pension Plans and Their Implications for the Mandatory Retirement Debate," Canadian Journal of Economics, Canadian Economics Association, vol. 21(2), pages 244-64, May.
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Cited by:
  1. Pierre-Carl Michaud & Philip Merrigan & Pierre Lefebvre, 2012. "The Recent Evolution of Retirement Patterns in Canada," CIRANO Working Papers 2012s-37, CIRANO.

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