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Early Retirement Windows

  • Charles Brown

    (University of Michigan
    National Bureau of Economic Research)

What happens to the employment status and earnings of workers who accept earlyretirement windows? Using data from the first six waves of HRS (1992-2002) I find that those who accepted window offers experience a sharp decline in employment - most do not go to work elsewhere. Those who do accept jobs elsewhere work fewer hours and receive significantly lower earnings per hour. Transitions to self-employment are more common among window acceptors than other workers.

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File URL: http://www.mrrc.isr.umich.edu/publications/Papers/pdf/wp064.pdf
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Paper provided by University of Michigan, Michigan Retirement Research Center in its series Working Papers with number wp064.

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Length: 12 pages
Date of creation: Dec 2003
Date of revision:
Handle: RePEc:mrr:papers:wp064
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  1. Gustman, A.L. & Mitchell, O.S. & Steinmeier, T.L., 1993. "The Role of Pensions in the Labor Market," Papers 93-07, Cornell - Center for Advanced Human Resource Studies.
  2. Charles Brown, 2003. "Early Retirement Windows," Working Papers wp064, University of Michigan, Michigan Retirement Research Center.
  3. Robin L. Lumsdaine & James H. Stock & David A. Wise, 1990. "Efficient Windows and Labor Force Reduction," NBER Working Papers 3369, National Bureau of Economic Research, Inc.
  4. Jeanne M. Hogarth, 1988. "Accepting an Early Retirement Bonus an Empirical Study," Journal of Human Resources, University of Wisconsin Press, vol. 23(1), pages 21-33.
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