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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

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

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

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