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Secular Changes in the Work and Retirement Patterns of Older Men

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  • Christopher J. Ruhm

Abstract

This paper examines trends in the work and retirement patterns of males aged 58 to 63 in 1969 and 1989 respectively. The labor force attachments of this group have fallen for reasons unrelated to changes in individual characteristics or occupational attainment. Especially sharp reductions at age 62 hint at an increasingly important role for the early retirement provisions in Social Security. Attachments to longest jobs have also declined substantially beginning at age 55. Although pension incentives may be significant, the observed correlations between pensions and employment status may also reflect the role of confounding factors such as poorly measured nonpension wealth.

Suggested Citation

  • Christopher J. Ruhm, 1995. "Secular Changes in the Work and Retirement Patterns of Older Men," Journal of Human Resources, University of Wisconsin Press, vol. 30(2), pages 362-385.
  • Handle: RePEc:uwp:jhriss:v:30:y:1995:i:2:p:362-385
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    References listed on IDEAS

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    1. William E. Even & David A. Macpherson, 1994. "Why Did Male Pension Coverage Decline in the 1980s?," ILR Review, Cornell University, ILR School, vol. 47(3), pages 439-453, April.
    2. Woodbury, Stephen A & Hamermesh, Daniel S, 1992. "Taxes, Fringe Benefits and Faculty," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 287-296, May.
    3. Montgomery, Edward & Shaw, Kathryn & Benedict, Mary Ellen, 1992. "Pensions and Wages: An Hedonic Price Theory Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(1), pages 111-128, February.
    4. D'Andrade, Kendall, 1992. "The End of an Era," Business Ethics Quarterly, Cambridge University Press, vol. 2(03), pages 379-389, July.
    5. James M. Poterba & Steven F. Venti, 1994. "401(k) Plans and Tax-Deferred Saving," NBER Chapters,in: Studies in the Economics of Aging, pages 105-142 National Bureau of Economic Research, Inc.
    6. Schiller, Bradley R & Weiss, Randall D, 1980. "Pensions and Wages: A Test for Equalizing Differences," The Review of Economics and Statistics, MIT Press, vol. 62(4), pages 529-538, November.
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