Is Mandatory Retirement Overrated? Evidence from the 1970s
In this paper we argue that mandatory retirement is only one aspect of a much broader system that influences an individual's retirement decision. We look at responses over time to variations in mandatory retirement rules faced by a sample of private-sector workers aged 62-64 in 1973. This is done within a model that specifically includes the economic incentives present in Social Security and pension systems. We find that the impact of a mandatory retirement rule on work is considerably smaller than a simple comparison of those with and without mandatory retirement would imply.
Year of publication: |
1983
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Authors: | Burkhauser, Richard V. ; Quinn, Joseph F. |
Published in: |
Journal of Human Resources. - University of Wisconsin Press. - Vol. 18.1983, 3
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Publisher: |
University of Wisconsin Press |
Saved in:
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