| Title | Forecasting Labor Force Participation and Economic Resources of the Early Baby Boomers |
| Publication Type | Report |
| Year of Publication | 2008 |
| Authors | Michaud, P-C, Rohwedder, S |
| Series Title | University of Michigan Retirement Research Center Working Paper |
| Document Number | WP 2008-175 |
| Institution | The University of Michigan Retirement Research Center |
| City | Ann Arbor, MI |
| Call Number | newpubs20080822_wp175 |
| Keywords | Demographics, Employment and Labor Force, Net Worth and Assets, Pensions |
| Abstract | This paper forecasts the retirement patterns and resources of the Early Baby Boomers by estimating forward-looking dynamic models of labor force participation, wealth accumulation and pension and Social Security benefit claiming for older workers using seven waves of HRSdata. The two most important innovations of our proposed approach are the use of alternative measures of pension entitlements and the associated incentives, and accounting for subjective expectations about future work. Our main findings are that the Early Baby Boomers will work longer and claim Social Security later. |
| URL | https://deepblue.lib.umich.edu/handle/2027.42/60324 |
| Endnote Keywords | Labor Force Participation/Wealth Accumulation/Pensions/Baby Boomers |
| Endnote ID | 19250 |
| Citation Key | 5709 |
