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Title: The Timing of Retirement of American Men
Resulting in 1 citation.
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Reimers, Cordelia |
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The Timing of Retirement of American Men Ph.D. Dissertation, Columbia University, 1977 Cohort(s): Older Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Employment; Health/Health Status/SF-12 Scale; Income Dynamics/Shocks; Retirement/Retirement Planning; Work Attitudes The study investigates the historical trend in age at retirement, using U.S. Census data on age-specific labor force participation rates and population. It was found that the mean age at retirement remained constant across cohorts of men born between 1866 and 1900, but the variance decreased over time. A behavioral model was developed in which retirement is timed to maximize lifetime utility. A linear probability equation predicting retirement in the following two years was estimated using data from the NLS of Older Men and the Michigan PSID; it was found that poor health and job dissatisfaction are more important than financial variables in inducing early retirement. Finally, the determinants of divergence between expected and actual retirement date and of work after retirement were examined using the NLS data. |
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Bibliography Citation
Reimers, Cordelia. The Timing of Retirement of American Men. Ph.D. Dissertation, Columbia University, 1977. |