The Effect of Benefit Reductions on the Retirement Age: The Heterogeneous Response of Manual and Non‐Manual Workers
Author
Abstract
Suggested Citation
DOI: 10.1111/roiw.12257
Download full text from publisher
References listed on IDEAS
- Berkovec, James & Stern, Steven, 1991. "Job Exit Behavior of Older Men," Econometrica, Econometric Society, vol. 59(1), pages 189-210, January.
- Meyer, Bruce D, 1990.
"Unemployment Insurance and Unemployment Spells,"
Econometrica, Econometric Society, vol. 58(4), pages 757-782, July.
- Bruce D. Meyer, 1988. "Unemployment Insurance And Unemployment Spells," NBER Working Papers 2546, National Bureau of Economic Research, Inc.
- Liebman, Jeffrey B. & Luttmer, Erzo F.P. & Seif, David G., 2009.
"Labor supply responses to marginal Social Security benefits: Evidence from discontinuities,"
Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1208-1223, December.
- Jeffrey B. Liebman & Erzo F.P. Luttmer & David G. Seif, 2008. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," NBER Working Papers 14540, National Bureau of Economic Research, Inc.
- Liebman, Jeffrey B. & Luttmer, Erzo F.P. & Seif, David G., 2009. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," Scholarly Articles 4481678, Harvard Kennedy School of Government.
- Liebman, Jeffrey & Luttmer, Erzo E. P. & Seif, David G., 2009. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," Working Paper Series rwp09-003, Harvard University, John F. Kennedy School of Government.
- Gustman, Alan L & Steinmeier, Thomas L, 1986.
"A Structural Retirement Model,"
Econometrica, Econometric Society, vol. 54(3), pages 555-584, May.
- Alan L. Gustman & Thomas L. Steinmeier, 1983. "A Structural Retirement Model," NBER Working Papers 1237, National Bureau of Economic Research, Inc.
- Samwick, Andrew A., 1998.
"New evidence on pensions, social security, and the timing of retirement,"
Journal of Public Economics, Elsevier, vol. 70(2), pages 207-236, November.
- 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.
- Roger H. Gordon & Alan S. Blinder, 1980.
"Market Wages, Reservation Wages, and Retirement Decisions,"
NBER Chapters, in: Econometric Studies in Public Finance, pages 277-308,
National Bureau of Economic Research, Inc.
- Gordon, Roger H. & Blinder, Alan S., 1980. "Market wages, reservation wages, and retirement decisions," Journal of Public Economics, Elsevier, vol. 14(2), pages 277-308, October.
- Roger H. Gordon & Alan S. Blinder, 1980. "Market Wages, Reservation Wages, and Retirement Decisions," NBER Working Papers 0513, National Bureau of Economic Research, Inc.
- Blau, David M. & Riphahn, Regina T., 1999.
"Labor force transitions of older married couples in Germany,"
Labour Economics, Elsevier, vol. 6(2), pages 229-252, June.
- Blau, David M. & Riphahn, Regina T., 1998. "Labor Force Transitions of Older Married Couples in Germany," IZA Discussion Papers 5, Institute of Labor Economics (IZA).
- Blau, David & Riphahn, Regina, 1998. "Labour Force transitions of Older Married Couples in Germany," CEPR Discussion Papers 1911, C.E.P.R. Discussion Papers.
- Gary S. Fields & Olivia S. Mitchell, 1984.
"Economic Determinants of the Optimal Retirement Age: An Empirical Investigation,"
Journal of Human Resources, University of Wisconsin Press, vol. 19(2), pages 245-262.
- Gary S. Fields & Olivia S. Mitchell, 1982. "Economic Determinants of the Optimal Retirement Age: An Empirical Investigation," NBER Working Papers 0876, National Bureau of Economic Research, Inc.
- Richard Blundell & Costas Meghir & Sarah Smith, 2002. "Pension Incentives and the Pattern of Early Retirement," Economic Journal, Royal Economic Society, vol. 112(478), pages 153-170, March.
- Hanel, Barbara, 2010.
"Financial incentives to postpone retirement and further effects on employment -- Evidence from a natural experiment,"
Labour Economics, Elsevier, vol. 17(3), pages 474-486, June.
- Barbara Hanel, 2008. "Financial Incentives to Postpone Retirement and Further Effects on Employment - Evidence from a Natural Experiment," Working Papers 054, Bavarian Graduate Program in Economics (BGPE).
- Mitchell, Olivia S & Fields, Gary S, 1984.
"The Economics of Retirement Behavior,"
Journal of Labor Economics, University of Chicago Press, vol. 2(1), pages 84-105, January.
- Olivia S. Mitchell & Gary S. Fields, 1983. "The Economics of Retirement Behavior," NBER Working Papers 1128, National Bureau of Economic Research, Inc.
- Hanel, Barbara, 2012.
"The effect of disability pension incentives on early retirement decisions,"
Labour Economics, Elsevier, vol. 19(4), pages 595-607.
- Barbara Hanel, 2011. "The Effect of Disability Pension Incentives on Early Retirement Decisions," Melbourne Institute Working Paper Series wp2011n05, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Day Manoli & Andrea Weber, 2016.
"Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions,"
American Economic Journal: Economic Policy, American Economic Association, vol. 8(4), pages 160-182, November.
- Dayanand S. Manoli & Andrea Weber, 2011. "Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions," NBER Working Papers 17320, National Bureau of Economic Research, Inc.
- Day Manoli & Andrea Weber, 2014. "Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions," CESifo Working Paper Series 4619, CESifo.
- Kathleen McGarry, 2004.
"Health and Retirement: Do Changes in Health Affect Retirement Expectations?,"
Journal of Human Resources, University of Wisconsin Press, vol. 39(3).
- Kathleen McGarry, 2002. "Health and Retirement: Do Changes in Health Affect Retirement Expectations?," NBER Working Papers 9317, National Bureau of Economic Research, Inc.
- R. T. Riphahn, 1999. "Disability Retirement among German Men in the 1980s," ILR Review, Cornell University, ILR School, vol. 52(4), pages 628-647, July.
- James M. Poterba, 2014. "Retirement Security in an Aging Population," American Economic Review, American Economic Association, vol. 104(5), pages 1-30, May.
- Coile, Courtney & Diamond, Peter & Gruber, Jonathan & Jousten, Alain, 2002.
"Delays in claiming social security benefits,"
Journal of Public Economics, Elsevier, vol. 84(3), pages 357-385, June.
- Courtney Coile & Peter Diamond & Jonathan Gruber & Alain Jousten, 1999. "Delays in Claiming Social Security Benefits," NBER Working Papers 7318, National Bureau of Economic Research, Inc.
- COILE, Courtney & DIAMOND, Peter & GRUBER, Jonathan & JOUSTEN, Alain, 2000. "Delays in claiming social security benefits," LIDAM Discussion Papers CORE 2000029, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Krueger, Alan B & Pischke, Jorn-Steffen, 1992.
"The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation,"
Journal of Labor Economics, University of Chicago Press, vol. 10(4), pages 412-437, October.
- Alan B. Krueger & Jorn-Steffen Pischke, 1989. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," Working Papers 635, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger & Jorn-Steffen Pischke, 1991. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," NBER Working Papers 3699, National Bureau of Economic Research, Inc.
- Mastrobuoni, Giovanni, 2009.
"Labor supply effects of the recent social security benefit cuts: Empirical estimates using cohort discontinuities,"
Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1224-1233, December.
- Giovanni Mastrobuoni, 2005. "Labor Supply Effects of the Recent Social Security Benefit Cuts: Empirical Estimates Using Cohort Discontinuities," Carlo Alberto Notebooks 33, Collegio Carlo Alberto, revised 2006.
- Giovanni Mastrobuoni, 2006. "Labor Supply Effects of the Recent Social Security Benefit Cuts: Empirical Estimates Using Cohort Discontinuities," Working Papers 66, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Giovanni Mastrobuoni, 2006. "Labor Supply Effects of the Recent Social Security Benefit Cuts: Empirical Estimates Using Cohort Discontinuities," Working Papers 893, Princeton University, Department of Economics, Industrial Relations Section..
- John Bound, 1991. "Self-Reported Versus Objective Measures of Health in Retirement Models," Journal of Human Resources, University of Wisconsin Press, vol. 26(1), pages 106-138.
- Vincent P. Crawford & David M. Lilien, 1981. "Social Security and the Retirement Decision," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(3), pages 505-529.
- Stock, James H & Wise, David A, 1990.
"Pensions, the Option Value of Work, and Retirement,"
Econometrica, Econometric Society, vol. 58(5), pages 1151-1180, September.
- James H. Stock & David A. Wise, 1988. "Pensions, The Option Value of Work, and Retirement," NBER Working Papers 2686, National Bureau of Economic Research, Inc.
- Lancaster, Tony, 1979. "Econometric Methods for the Duration of Unemployment," Econometrica, Econometric Society, vol. 47(4), pages 939-956, July.
- Asch, Beth & Haider, Steven J. & Zissimopoulos, Julie, 2005. "Financial incentives and retirement: evidence from federal civil service workers," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 427-440, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Giesecke, Matthias & Yang, Guanzhong, 2018.
"Are financial retirement incentives more effective if pension knowledge is high?,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 17(3), pages 278-315, July.
- Giesecke, Matthias & Yang, Guanzhong, 2016. "Are financial retirement incentives more effective if pension knowledge is high?," Ruhr Economic Papers 641, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Laub, Natalie & Boockmann, Bernhard & Kroczek, Martin, 2023. "Tightening Access to Early Retirement: Who Can Adapt?," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277625, Verein für Socialpolitik / German Economic Association.
- Riphahn, Regina T. & Schrader, Rebecca, 2023.
"Reforms of an early retirement pathway in Germany and their labor market effects,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 22(3), pages 304-330, July.
- Riphahn, Regina T. & Schrader, Rebecca, 2021. "Reforms of an Early Retirement Pathway in Germany and Their Labor Market Effects," IZA Discussion Papers 14908, Institute of Labor Economics (IZA).
- Regina T. Riphahn & Rebecca Schrader, 2021. "Reforms of an Early Retirement Pathway in Germany and Their Labor Market Effects," CESifo Working Paper Series 9461, CESifo.
- Giesecke, Matthias, 2019. "The retirement mortality puzzle: Evidence from a regression discontinuity design," Ruhr Economic Papers 800, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Regina T. Riphahn & Rebecca Schrader, 2020. "Labor market effects of early retirement reforms," Working Papers 199, Bavarian Graduate Program in Economics (BGPE).
- Zwick, Thomas & Bruns, Mona & Geyer, Johannes & Lorenz, Svenja, 2022.
"Early retirement of employees in demanding jobs: Evidence from a German pension reform,"
The Journal of the Economics of Ageing, Elsevier, vol. 22(C).
- Geyer, Johannes & Lorenz, Svenja & Zwick, Thomas & Bruns, Mona, 2021. "Early retirement of employees in demanding jobs: Evidence from a German pension reform," ZEW Discussion Papers 21-082, ZEW - Leibniz Centre for European Economic Research.
- Johannes Geyer & Svenja Lorenz & Thomas Zwick & Mona Bruns, 2021. "Early Retirement of Employees in Demanding Jobs: Evidence from a German Pension Reform," Discussion Papers of DIW Berlin 1978, DIW Berlin, German Institute for Economic Research.
- Bernhard Boockmann & Martin Kroczek & Natalie Laub, 2023. "Tightening access to early retirement: who can adapt?," IAW Discussion Papers 142, Institut für Angewandte Wirtschaftsforschung (IAW).
- Jäger, Philipp & Giesecke, Matthias, 2019. "Pension Incentives and Labor Force Participation: Evidence from the Introduction of Universal Old-Age Assistance in the UK," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203498, Verein für Socialpolitik / German Economic Association.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:zbw:rwirep:0490 is not listed on IDEAS
- Matthias Giesecke, 2014. "Actuarial Adjustments, Retirement Behaviour and Worker Heterogeneity," Ruhr Economic Papers 0490, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- Giesecke, Matthias, 2014. "Actuarial Adjustments, Retirement Behaviour and Worker Heterogeneity," Ruhr Economic Papers 490, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Courtney C. Coile, 2015. "Economic Determinants Of Workers’ Retirement Decisions," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 830-853, September.
- Giesecke, Matthias Nicolas & Yang, Guanzhong, 2016. "The Effect of Financial Incentives on Retirement Decision Making under Different Schemes of Information Provision: Experimental Evidence," VfS Annual Conference 2016 (Augsburg): Demographic Change 145548, Verein für Socialpolitik / German Economic Association.
- Blundell, R. & French, E. & Tetlow, G., 2016. "Retirement Incentives and Labor Supply," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 457-566, Elsevier.
- Brown, Kristine M., 2013. "The link between pensions and retirement timing: Lessons from California teachers," Journal of Public Economics, Elsevier, vol. 98(C), pages 1-14.
- Hanel, Barbara, 2010.
"Financial incentives to postpone retirement and further effects on employment -- Evidence from a natural experiment,"
Labour Economics, Elsevier, vol. 17(3), pages 474-486, June.
- Barbara Hanel, 2008. "Financial Incentives to Postpone Retirement and Further Effects on Employment - Evidence from a Natural Experiment," Working Papers 054, Bavarian Graduate Program in Economics (BGPE).
- Tomasz Jedynak, 2022. "Does the Formulation of the Decision Problem Affect Retirement?—Framing Effect and Planned Retirement Age," IJERPH, MDPI, vol. 19(4), pages 1-30, February.
- Hanel, Barbara & Riphahn, Regina T., 2012.
"The timing of retirement — New evidence from Swiss female workers,"
Labour Economics, Elsevier, vol. 19(5), pages 718-728.
- Barbara Hanel & Regina T. Riphahn, 2012. "The Timing of Retirement - New Evidence from Swiss Female Workers," CESifo Working Paper Series 3814, CESifo.
- Giesecke, Matthias & Yang, Guanzhong, 2018.
"Are financial retirement incentives more effective if pension knowledge is high?,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 17(3), pages 278-315, July.
- Giesecke, Matthias & Yang, Guanzhong, 2016. "Are financial retirement incentives more effective if pension knowledge is high?," Ruhr Economic Papers 641, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Deschryvere, Matthias, 2004. "Health and Retirement. An Update of the Literature," Discussion Papers 932, The Research Institute of the Finnish Economy.
- Engels, Barbara & Geyer, Johannes & Haan, Peter, 2017.
"Pension incentives and early retirement,"
Labour Economics, Elsevier, vol. 47(C), pages 216-231.
- Geyer, Johannes & Engels, Barbara & Haan, Peter, 2016. "Changing incentives for early retirement - Causal evidence from a cohort based pension reform," VfS Annual Conference 2016 (Augsburg): Demographic Change 145737, Verein für Socialpolitik / German Economic Association.
- Barbara Engels & Johannes Geyer & Peter Haan, 2016. "Pension Incentives and Early Retirement," Discussion Papers of DIW Berlin 1617, DIW Berlin, German Institute for Economic Research.
- John Rust & Christopher Phelan, 1997.
"How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets,"
Econometrica, Econometric Society, vol. 65(4), pages 781-832, July.
- John Rust & Christopher Phelan, 1994. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Public Economics 9406005, University Library of Munich, Germany, revised 20 Oct 1996.
- Rust, J., 1994. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Working papers 9430, Wisconsin Madison - Social Systems.
- Barbara Hanel & Regina Riphahn, 2006.
"Financial Incentives and the Timing of Retirement: Evidence from Switzerland,"
Working Papers
009, Bavarian Graduate Program in Economics (BGPE).
- Barbara Hanel & Regina T. Riphahn, 2009. "New Evidence on Financial Incentives and the Timing of Retirement," Working Papers 076, Bavarian Graduate Program in Economics (BGPE).
- Coile Courtney, 2004.
"Retirement Incentives and Couples' Retirement Decisions,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-30, July.
- Courtney Coile, 2003. "Retirement Incentives and Couples' Retirement Decisions," NBER Working Papers 9496, National Bureau of Economic Research, Inc.
- Ye, Han, 2018. "The Effect of Pension Subsidies on Retirement Timing of Older Women: Evidence from a Regression Kink Design," IZA Discussion Papers 11831, Institute of Labor Economics (IZA).
- Hakola, Tuulia, 2002. "Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review," Working Paper Series 2003:4, Uppsala University, Department of Economics.
- Andries de Grip & Didier Fouarge & Raymond Montizaan, 2013.
"How Sensitive are Individual Retirement Expectations to Raising the Retirement Age?,"
De Economist, Springer, vol. 161(3), pages 225-251, September.
- de Grip, A. & Fouarge, D. & Montizaan, R.M., 2013. "How sensitive are individual retirement expectations to raising the retirement age?," ROA Research Memorandum 006, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- de Grip, Andries & Fouarge, Didier & Montizaan, Raymond, 2013. "How Sensitive Are Individual Retirement Expectations to Raising the Retirement Age?," IZA Discussion Papers 7269, Institute of Labor Economics (IZA).
- de Grip, A. & Fouarge, D. & Montizaan, R.M., 2013. "How sensitive are individual retirement expectations to raising the retirement age," Research Memorandum 020, Maastricht University, Graduate School of Business and Economics (GSBE).
- Liebman, Jeffrey B. & Luttmer, Erzo F.P. & Seif, David G., 2009.
"Labor supply responses to marginal Social Security benefits: Evidence from discontinuities,"
Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1208-1223, December.
- Jeffrey B. Liebman & Erzo F.P. Luttmer & David G. Seif, 2008. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," NBER Working Papers 14540, National Bureau of Economic Research, Inc.
- Liebman, Jeffrey & Luttmer, Erzo E. P. & Seif, David G., 2009. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," Working Paper Series rwp09-003, Harvard University, John F. Kennedy School of Government.
- Liebman, Jeffrey B. & Luttmer, Erzo F.P. & Seif, David G., 2009. "Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities," Scholarly Articles 4481678, Harvard Kennedy School of Government.
- Courtney Coile & Jonathan Gruber, 2001.
"Social Security Incentives for Retirement,"
NBER Chapters, in: Themes in the Economics of Aging, pages 311-354,
National Bureau of Economic Research, Inc.
- Courtney Coile & Jonathan Gruber, 2000. "Social Security Incentives for Retirement," NBER Working Papers 7651, National Bureau of Economic Research, Inc.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:64:y:2018:i:1:p:213-238. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.