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What Explains Trends in Labor Force Participation of Older Men in the United States?

Blau, David M.; Goodstein, Ryan - Institute for the Study of Labor (IZA) - 2007

After nearly a full century of decline, the Labor Force Participation Rate (LFPR) of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We use a time series of cross sections from 1962 to 2005 to model the LFPR of men aged 55-69, with the aim of...

Persistent link: https://www.econbiz.de/10005762086

Retirement and Home Production: A Regression Discontinuity Approach

Stancanelli, Elena G. F.; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2011

Existing studies show that individuals who retire replace some private consumption by home production, but do not consider joint behaviour of couples. Here we analyze the causal effect of retirement of each partner on hours of home production of both partners in a couple. Our identification...

Persistent link: https://www.econbiz.de/10009403379

How Sensitive Are Retirement Decisions to Financial Incentives: A Stated Preference Analysis

Voňková, Hana; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2009

the income and substitution effects of pensions as a function of the retirement age are substantial and larger than …

Persistent link: https://www.econbiz.de/10008555358

Joint Leisure Before and After Retirement: A Double Regression Discontinuity Approach

Stancanelli, Elena G. F.; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2012

In the scant literature on partners' joint retirement decisions one of the explanations for joint retirement is externalities in leisure. In this study, we investigate how retirement affects the hours of leisure together of individuals in a couple. Exploiting the law on retirement age in France,...

Persistent link: https://www.econbiz.de/10010884286

Pensions, Household Saving, and Welfare: A Dynamic Analysis

Blau, David M. - Institute for the Study of Labor (IZA) - 2011

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … when the assumptions used in the empirical analysis are invalid? (3) How valuable are pensions to households? Simulation …

Persistent link: https://www.econbiz.de/10008871266

Framing Social Security Reform: Behavioral Responses to Changes in the Full Retirement Age

Behaghel, Luc; Blau, David M. - Institute for the Study of Labor (IZA) - 2010

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts born from 1938 to 1943. We find strong evidence that the...

Persistent link: https://www.econbiz.de/10008693844

Health and Wealth of Elderly Couples: Causality Tests Using Dynamic Panel Data Models

Michaud, Pierre-Carl; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2004

A positive relationship between socio-economic status (SES) and health, the so-called "health-wealth gradient", is repeatedly found in most industrialized countries with similar levels of health care technology and economic welfare. This study analyzes causality from health to wealth (health...

Persistent link: https://www.econbiz.de/10005763570

Labor Market Rigidities and the Employment Behavior of Older Workers

Blau, David M.; Shvydko, Tetyana - Institute for the Study of Labor (IZA) - 2007

The labor market is often asserted to be characterized by rigidities that make it difficult for older workers to carry out their desired trajectory from work to retirement. An important source of rigidity is restrictions on hours of work imposed by firms that use team production or face high...

Persistent link: https://www.econbiz.de/10005762008

Labor Force Transitions of Older Married Couples in Germany

Blau, David M.; Riphahn, Regina T. - Institute for the Study of Labor (IZA) - 1998

This study investigates the labor force behavior of older married couples in Germany. Monthly observations from the first eleven waves of the German Socio-Economic Panel (GSOEP) are used to describe and analyze the relationship between the labor force behavior of husbands and wives. The...

Persistent link: https://www.econbiz.de/10005822123

Retirement and Consumption in a Life Cycle Model

Blau, David M. - Institute for the Study of Labor (IZA) - 2007

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...

Persistent link: https://www.econbiz.de/10005822183