Retirement Incentives and Expectations

TitleRetirement Incentives and Expectations
Publication TypeReport
Year of Publication2001
AuthorsChan, S, Stevens, AHuff
InstitutionNBER
KeywordsEmployment and Labor Force, Expectations, Health Conditions and Status, Net Worth and Assets, Retirement Planning and Satisfaction
Abstract

This paper investigates the relationship between expectations concerning retirement and incentives for retirement provided by employer-sponsored pension plans and Social Security. Measures of pension wealth and broader measures including earnings, Social Security, and assets are significantly related to individuals' expectations to continue work in their 60s. Results show that individuals strongly consider these incentives when planning for retirement. However, the degree to which these incentives affect behavior varies greatly between OLS and fixed-effects estimation strategies.

URLhttp://www.nber.org/papers/w8082
Endnote Keywords

Expectations of Future Events/Labor Force/Economic Status/Health Status/Retirement Planning

Endnote ID

6595

Citation Key5438