The Determinants of Planned Retirement Age

This paper develops and estimates a model of planned retirement age that views the retirement decision as depending partially on individual tastes and opportunities--reflected in retirement plans--and partially on unforeseeable events such as the onset of health problems or the unexpected loss of a...

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Bibliographic Details
Published in:Industrial & labor relations review 1980-01, Vol.33 (2), p.241-254
Main Authors: Hall, Arden, Johnson, Terry R.
Format: Article
Language:English
Subjects:
Age
Age/Ageism
Behavior
Decision making
Early retirement
Mandatory retirement
Old age benefits
Plan/Plans/Planning/Planned/ Planners
Private pensions
Retire/Retired/Retirement
Retirement
Retirement age
Retirement income
Retirement plans
Spouses
Studies
Time
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Summary:This paper develops and estimates a model of planned retirement age that views the retirement decision as depending partially on individual tastes and opportunities--reflected in retirement plans--and partially on unforeseeable events such as the onset of health problems or the unexpected loss of a job. Empirical results for both elderly men and women, based on the 1969 wave of the Longitudinal Retirement History Study, are consistent with the model. In particular, current poor health and the expected receipt of Social Security and other pensions increase the likelihood of early retirement plans. (Author's abstract.)
ISSN:0019-7939
2162-271X
DOI:10.1177/001979398003300208