Early Retirement Windows
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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|Publication status:||Published in Forecasting Retirement Needs and Retirement Wealth. 2000: 253-273.|
|Contact details of provider:|| Postal: The Wharton School, 3641 Locust Walk, 304 CPC, Philadelphia, PA 19104-6218|
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- 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.
- Gustman, A.L. & Mitchell, O.S. & Steinmeier, T.L., 1993.
"The Role of Pensions in the Labor Market,"
93-07, Cornell - Center for Advanced Human Resource Studies.
- 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.
- Charles Brown, 2002.
"Early Retirement Windows,"
wp028, University of Michigan, Michigan Retirement Research Center.
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