TY - JOUR T1 - Retirement incentives and behavior of private and public sector workers JF - Journal of Pension Economics and Finance Y1 - 2021 A1 - Courtney Coile A1 - Stewart, Susan KW - Pensions KW - Private Sector KW - Public Sector KW - Retirement KW - retirement incentives AB - Over the past several decades, private sector workers in the USA with employed-sponsored pensions have experienced a dramatic shift from defined benefit (DB) to defined contribution plans, while this trend has been less pronounced for public sector workers. In this paper, we use data from the Health and Retirement Study to explore changes in the retirement incentives and retirement behavior of public and private sector workers over the past quarter-century. We find that both groups have become less likely to report having a DB pension or any pension. Compared to their private sector counterparts, public sector workers have a higher level of retirement wealth and a larger financial gain from continued work at older ages, and these differences by sector are growing across cohorts. Both groups respond to financial incentives in making retirement decisions. However, growing differences by sector in the gain to continued work do not appear to have translated into diverging retirement behavior, as we observe similar trends in the two groups. VL - 20 SN - 1474-7472 IS - 3 ER - TY - JOUR T1 - How the growing gap in life expectancy may affect retirement benefits and reforms JF - The Geneva Papers on Risk and Insurance - Issues and Practice Y1 - 2017 A1 - Auerbach, Alan A1 - Kerwin K. Charles A1 - Courtney Coile A1 - William G. Gale A1 - Dana P Goldman A1 - Lee, Ronald A1 - Lucas, Charles A1 - Orszag, Peter R. A1 - Sheiner, Louise A1 - Tysinger, Bryan A1 - Weil, David A1 - Wolfers, Justin A1 - Rebeca Wong KW - Life Expectancy KW - Mortality KW - Retirement Planning and Satisfaction KW - Social Security VL - 42 UR - http://link.springer.com/10.1057/s41288-017-0057-0http://link.springer.com/content/pdf/10.1057/s41288-017-0057-0.pdfhttp://link.springer.com/article/10.1057/s41288-017-0057-0/fulltext.htmlhttp://link.springer.com/content/pdf/10.1057/s41288-017-0057-0.pdf IS - 3 JO - Geneva Pap Risk Insur Issues Pract ER -