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Title: Why is There Mandatory Retirement? An Empirical Re-Examination
Resulting in 1 citation.
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Leigh, Duane E. |
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Why is There Mandatory Retirement? An Empirical Re-Examination Journal of Human Resources 19,4 (Fall 1984): 512-531. Also: http://www.jstor.org/stable/145945 Cohort(s): Older Men Publisher: University of Wisconsin Press Keyword(s): Job Training; Retirement/Retirement Planning In attempting to provide a more comprehensive empirical analysis of the determinants of mandatory retirement practices, this paper adds to the empirical predictions of Lazear's "incentives" model several implications drawn from a specific training model of mandatory retirement. These implications relate mandatory retirement to costs of monitoring worker performance and investments in specific human capital. Using data from the NLS Older Men sample, evidence is presented supporting the conclusion that both monitoring costs and specific training are important elements of an economic explanation of mandatory retirement. |
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Bibliography Citation
Leigh, Duane E. "Why is There Mandatory Retirement? An Empirical Re-Examination." Journal of Human Resources 19,4 (Fall 1984): 512-531.
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