Labor Force Dynamics of Older Men

David Blau

Econometrica, 1994, vol. 62, issue 1, 117-56

Abstract: This paper analyzes movements of older men among labor force states using quarterly observations from the Retirement History Survey. These data indicate that the incidence of labor force movements at older ages has been underestimated previously. The quarterly data reveal a much sharper spike in the exit rate at exact age 65 than is found in annual or biannual data. Estimates of a model of labor force transitions indicate that social security benefits have strong effects on transition rates but that changes in social security benefits over time have not contributed much to the trend toward earlier labor force exit. Copyright 1994 by The Econometric Society.

Date: 1994
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