IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The Effect of Pension Plan Type on Retirement Age: Distinguishing Plan Incentives from Career Length Preferences

Listed author(s):
  • Colleen Flaherty Manchester


    (Carlson School of Management, University of Minnesota, 321 19th Avenue South, Minneapolis, MN 55455, USA)

Registered author(s):

    This study uses the Retirement Confidence Survey of College and University Faculty, 2005, to examine the impact of pension plan incentives on retirement age and to understand how the widespread transition from defined benefit (DB) to defined contribution (DC) plans has affected workers. Incentives stemming from differences in pension wealth accrual patterns between DB and DC plans directly induce up to a one-year difference in expected retirement age and are indirectly responsible for up to a two-year difference due to workers sorting into plans based on preferences over career length. The results imply that failing to account for worker sorting leads to an overestimation of the transition’s effect on the average retirement age of Americans. In addition, the findings suggest that individuals choose retirement plans to diversify retirement income, which has implications for Social Security reform.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Southern Economic Association in its journal Southern Economic Journal.

    Volume (Year): 77 (2010)
    Issue (Month): 1 (July)
    Pages: 104-125

    in new window

    Handle: RePEc:sej:ancoec:v:77:1:y:2010:p:104-125
    Contact details of provider: Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sej:ancoec:v:77:1:y:2010:p:104-125. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Razzolini)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.