Option Value Estimation with HRS Data

TitleOption Value Estimation with HRS Data
Publication TypeBook Chapter
Year of Publication2003
AuthorsSamwick, AA, Wise, DA
EditorOgura, S, Tachibanaki, T, Wise, DA
Book TitleLabor Markets and Firm Benefit Policies in Japan and the United States
Pagination205-228
PublisherUniversity of Chicago Press
CityChicago
KeywordsPublic Policy, Retirement Planning and Satisfaction
Abstract

We estimate the effect of financial incentives to delay retirement on the probability of retirement in the Health and Retirement Study. We find statistically significant effects of both pension wealth and pension incentives on the probability of retirement. The effects are more robust when retirement is defined only as a job separation rather than a complete transition out of the labor force. We also investigate possible interactions between the effects of health, wealth, and health insurance on retirement.

Notes

RDA 1997-011 ProCite field 8 : eds.

URLhttp://www.nber.org/books/otw1-00/samwick-wise6-3-02.pdf
Endnote Keywords

financial incentives/retirement behavior/Partial Retirement/retirement planning

Endnote ID

10252

Short TitleOption Value Estimation with HRS Data
Citation Key5182