Will the Average Retirement Age Continue to Increase?

TitleWill the Average Retirement Age Continue to Increase?
Publication TypeReport
Year of Publication2015
AuthorsRutledge, MS, Gillis, CM, Webb, A
InstitutionBoston, MA, Center for Retirement Research at Boston College
KeywordsEmployment and Labor Force, Pensions, Retirement Planning and Satisfaction, Social Security
Abstract

Using Health and Retirement Study (HRS) data, this paper examines how changes in individual workers past and present pension coverage, retirement incentives in Social Security, and retiree health insurance have contributed to retirement decisions for the 1931-1953 birth cohorts. It then uses these findings to project retirement behavior for the 1955-1987 cohorts in the Survey of Income and Program Participation (SIPP). A key assumption is that younger cohorts will have no defined benefit (DB) pensions or retiree health coverage in their future jobs. A key limitation is the assumption of a stable relationship in each successive cohort between each factor and labor market decisions.
Endnote Keywords

retirement planning/labor market decisions/retiree health insurance/social Security/pensions
Endnote ID

999999
Citation Key5868