|Title||How Does Job Loss Affect the Timing of Retirement?|
|Year of Publication||2002|
|Authors||Chan, S, Stevens, AH|
|Institution||National Bureau of Economic Research|
|Keywords||Employment 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|| |