How Does Job Loss Affect the Timing of Retirement? / Sewin Chan, Ann Huff Stevens.

Format:

Book

Author/Creator:

Chan, Sewin.

Contributor:

National Bureau of Economic Research.

Stevens, Ann Huff.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8780.

NBER working paper series no. w8780

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2002.

Summary:

We use the Health and Retirement Study to examine the effects of job loss on factors affecting retirement incentives, including earnings, assets and pensions. We then estimate models of the retirement decision, which take into account the incentive to retire and any additional effects of displacement that are not captured by retirement incentives. There are substantial effects of displacement on retirement incentives as the result of changes to both earnings and pensions. Displacement significantly increases the probability of retirement, but only a small fraction of the displacement-induced changes in retirement behavior and labor force participation are the result of workers responding to these altered retirement incentives.

Notes:

Print version record

February 2002.