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Retirement and Social Security: A Time Series Approach

Author

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  • Brendan Cushing-Daniels
  • C. Eugene Steuerle

Abstract

Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how much to work, consume, and save for old age. However, remaining life expectancy is arguably a better way of examining these issues. As mortality rates decline, people at a given age now have more remaining years of life expectancy than they did in the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will increase. Additionally, because health status and mortality are correlated, adults with more expected years of life are generally in better health (and better able to work) than those with fewer years of remaining life.

Suggested Citation

  • Brendan Cushing-Daniels & C. Eugene Steuerle, 2009. "Retirement and Social Security: A Time Series Approach," Working Papers, Center for Retirement Research at Boston College wp2009-1, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2009-1
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    File URL: http://crr.bc.edu/working-papers/retirement-and-social-security-a-time-series-approach/
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    Cited by:

    1. Aspen Gorry & Devon Gorry & Sita Nataraj Slavov, 2018. "Does retirement improve health and life satisfaction?," Health Economics, John Wiley & Sons, Ltd., vol. 27(12), pages 2067-2086, December.

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