Wages in the public sector are often set on the basis of comparisons with compensation in the private sector. There are reasons to suspect that this approach may result in government pay schedules that exceed those in the private sector. In this paper, with a human capital model of wage...

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...