Minimum Hours Constraints, Job Requirements and Retirement
A structural retirement model estimated with data from the Health and Retirement Study is used to simulate the effects of policies firms might adopt to improve employment conditions for older workers and thereby encourage delayed retirement. Firm policies that effectively abolished minimum hours constraints would strongly increase the number partially retired, while reducing full time work and full retirement, resulting in only a small net increase in full-time equivalent employment. Reducing physical and mental requirements of jobs would have much weaker effects on retirement than was suggested by work with the 1970s Retirement History Study. Reducing informal pressures to retire, increasing employer accommodations to health problems, and reducing the prevalence of layoffs and retirement windows would have only small effects on retirement outcomes.
|Date of creation:||Nov 2004|
|Date of revision:|
|Publication status:||published as Alan L. Gustman and Thomas L. Steinmeier. "Projecting Behavioral Responses to the Next Generation of Retirement Policies". Research in Labor Economics, Vol. 28, 2008, pp. 141-196.|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Bound, 1989.
"The Health and Earnings of Rejected Disability Insurance Applicants,"
NBER Working Papers
2816, National Bureau of Economic Research, Inc.
- Bound, John, 1989. "The Health and Earnings of Rejected Disability Insurance Applicants," American Economic Review, American Economic Association, vol. 79(3), pages 482-503, June.
- Charles Brown, 2003.
"Early Retirement Windows,"
wp064, University of Michigan, Michigan Retirement Research Center.
- 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 Chapters, in: Econometric Studies in Public Finance, pages 277-308 National Bureau of Economic Research, Inc.
- Roger H. Gordon & Alan S. Blinder, 1980. "Market Wages, Reservation Wages, and Retirement Decisions," NBER Working Papers 0513, National Bureau of Economic Research, Inc.
- Gustman, Alan L. & Steinmeier, Thomas L., 2005.
"Retirement Effects of Proposals by the President's Commission to Strengthen Social Security,"
National Tax Journal,
National Tax Association, vol. 58(1), pages 27-49, March.
- Alan L. Gustman & Thomas L. Steinmeier, 2003. "Retirement Effects of Proposals by the President's Commision to Strengthen Social Security," NBER Working Papers 10030, National Bureau of Economic Research, Inc.
- Alan L. Gustman & Thomas L. Steinmeier, 2003. "Retirement Effects of Proposals by the President’s Commission to Strengthen Social Security," Working Papers wp038, University of Michigan, Michigan Retirement Research Center.
- Alan L. Gustman & Thomas L. Steinmeier, 1982. "Minimum Hours Constraints and Retirement Behavior," NBER Working Papers 0940, National Bureau of Economic Research, Inc.
- Chan, Sewin & Stevens, Ann Huff, 2001. "Job Loss and Employment Patterns of Older Workers," Journal of Labor Economics, University of Chicago Press, vol. 19(2), pages 484-521, April.
- Even, William E. & Macpherson, David A., 2004.
"Do Pensions Impede Phased Retirement?,"
IZA Discussion Papers
1353, Institute for the Study of Labor (IZA).
- Michael D. Hurd, 1993. "The Effect of Labor Market Rigidities on the Labor Force Behavior of Older Workers," NBER Working Papers 4462, National Bureau of Economic Research, Inc.
- Steven Haider & David Loughran, 2001. "Elderly Labor Supply: Work or Play?," Working Papers 01-09, RAND Corporation Publications Department.
- Alan Gustman & Olivia S. Mitchell & Thomas L. Steinmeier, . "Retirement Measures in the Health and Retirement Survey," Pension Research Council Working Papers 94-2, Wharton School Pension Research Council, University of Pennsylvania.
- Joseph F. Quinn, 1999. "Has the Early Retirement Trend Reversed?," Boston College Working Papers in Economics 424, Boston College Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:10876. 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: ()
If references are entirely missing, you can add them using this form.