Minimum Hours Constraints, Job Requirements and Retirement

TitleMinimum Hours Constraints, Job Requirements and Retirement
Publication TypeReport
Year of Publication2004
AuthorsGustman, AL, Steinmeier, TL
InstitutionCambridge, Mass.
KeywordsConsumption and Savings, Disabilities, Employment and Labor Force, Pensions, Public Policy, Retirement Planning and Satisfaction, Social Security
Abstract

A structural retirement model estimated with data from the Health and Retirement Study is used to simulate the effects of policies firms might adopt to improve employment conditions for older workers and thereby encourage delayed retirement. Firm policies that effectively abolished minimum hours constraints would strongly increase the number partially retired, while reducing full time work and full retirement, resulting in only a small net increase in full time equivalent employment. Reducing physical and mental requirements of jobs would have much weaker effects on retirement than was suggested by work with the 1970s Retirement History Study. Reducing informal pressures to retire, increasing employer accommodations to health problems, and reducing the prevalence of layoffs and retirement windows would have only small effects on retirement outcomes.

Notes

ProCite field 3 : Unlisted; Unlisted

URLhttp://www.nber.org/papers/w10876.pdf
Endnote Keywords

Retirement/Public Policy/Economics of the Elderly/Handicapped/Nonwage Labor Costs and Benefits/Private Pensions/Social Security and Public Pensions

Endnote ID

14500

Citation Key5609