Mortality change, the uncertainty effect, and retirement
نویسندگان
چکیده
منابع مشابه
Mortality Change, the Uncertainty Effect, and Retirement.
We examine the role of declining mortality in explaining the rise of retirement over the course of the 20th century. We construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their dates of death. In an environment with high mortality, an individual who saves for retirement faces a high risk of dying before he can enjoy his planned le...
متن کاملMortality and early retirement.
This article examines and compares the survival rates of persons claiming retired-worker benefits at age 62 with those who did not. The study is based on a sample of Social Security insured workers who reached age 62 during the period 1962-72. The proportion of men dying in the initial years after age 62 was higher among those who claimed benefits at age 62 than among those who did not. The sam...
متن کاملIncome change at retirement.
Less than one-fourth of SIPP retirees made the transition from full-time work and no benefit receipt to benefit receipt and no work during the 32 months of the 1984 SIPP panel, and these full retirees appear to differ economically from those who had not fully retired during the 32 months. Income declined to 60 percent of preretirement levels for those who received Social Security benefits and e...
متن کاملDoes retirement age impact mortality?
The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway reduced the retirement age for a group of workers but not for others. Difference-in-differences estimation based on monthly birth cohorts and treatment group status show that the early retirement programme sign...
متن کاملLinks Between Early Retirement and Mortality
Working Papers in this series are preliminary materials circulated for review and comment. The views expressed are the author's and do not necessarily represent the position of the Social Security Administration. Summary In this paper I use the 1973 cross-sectional Current Population Survey (CPS) matched to longitudinal Social Security administrative data (through 1998) to examine the relations...
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ژورنال
عنوان ژورنال: Journal of Economic Growth
سال: 2010
ISSN: 1381-4338,1573-7020
DOI: 10.1007/s10887-010-9050-1