How Does Job Loss Affect the Timing of Retirement?

TitleHow Does Job Loss Affect the Timing of Retirement?
Publication TypeReport
Year of Publication2002
AuthorsChan, S, Stevens, AH
InstitutionNational Bureau of Economic Research
Call Numberwp_2002/Chan_NBER8780.pdf
KeywordsEmployment and Labor Force, Retirement Planning and Satisfaction

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.


National Science Foundation Grants 9905275 and 9907824.

Endnote Keywords

Job Loss/Retirement Incentives

Endnote ID


Citation Key5511