For Whom the 'Retirement' Bell Tolls: Inter-temporal Comparisons Using the 1994 and 2002 Canadian General Social Survey

Clsrn Admin, Rafael Gomez and Morley Gunderson ()

CLSSRN working papers from Vancouver School of Economics

Abstract: Data from the 2002 and 1994 General Social Survey are used to analyze the determinants of retiring due to mandatory retirement and the expected age of retirement in Canada. Changes between 1994 and 2002 are decomposed into a component attributable to shifts in the composition of respondents and the other component to changes in the preferences and constraints of respondents, the latter playing a very important role for both outcomes. Specifically, between 1994 and 2002 we find: (1) a 1.3 percentage point drop in the probability of retiring due to mandatory retirement, with that drop due to preference/constraint changes substantially reducing the probability of retiring due to mandatory retirement but being almost offset by a change in the composition of the workforce that increased the probability of retiring due to mandatory retirement; and (2) a 3.7 year increase in the expected age of retirement, with that increase being almost exclusively attributable to preference and constraint shifts. The implications of these findings for employers, employees and policy makers are

Keywords: Retirement; Expected Retirement Age; Labour Supply; Mandatory Retirement (search for similar items in EconPapers)
JEL-codes: D13 H30 H31 J48 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2009-04-22, Revised 2009-04-22
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (5)

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