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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...
Persistent link: https://www.econbiz.de/10008511467
Recent trends toward earlier retirement threaten future supplies of labor and the financial stability of many of our public and private pension systems. One of the few federal efforts now in place to reverse this trend has been the 1977 law outlawing mandatory retirement before age 70 for most...
Persistent link: https://www.econbiz.de/10008646055
Persistent link: https://www.econbiz.de/10008763823
Controlling for career employment later in life, the retirement patterns of men and women in America have resembled one another for much of the past two decades. Is this relationship coming to an end? Recent research suggests that the retirement patterns of the Early Boomers – those born...
Persistent link: https://www.econbiz.de/10010696245
Many studies of labor force withdrawal patterns have focused on individuals who have had career jobs. This paper compares the demographic and economic characteristics of individuals who have never had a full-time career (FTC) job with those who have, and compares the timing and types of job...
Persistent link: https://www.econbiz.de/10010615157
To what extent does continued work later in life in the form of bridge job employment impact the relocation decisions of older Americans? Continued work later in life has been suggested as a way for older workers to help maintain their standard of living in retirement, by increasing income in...
Persistent link: https://www.econbiz.de/10010583558
How have post-career transitions into and out of self-employment been impacted by the Great Recession? Research from the 1990s and 2000s has shown that the prevalence of self employment increases substantially later in life, partly because self employment provides older workers with...
Persistent link: https://www.econbiz.de/10010635319
Is bridge job prevalence reduced significantly if a change in occupation is required in addition to the hours and tenure requirements that typically define bridge job employment? Prior research has shown that the majority of older Americans with career employment do not exit the labor force...
Persistent link: https://www.econbiz.de/10009194184
Persistent link: https://www.econbiz.de/10010940105
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...
Persistent link: https://www.econbiz.de/10008598752