Retirement, Death, and the Distribution of Retirement Leisure

Daniel Lawson () and Kevin D. Neuman
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Kevin D. Neuman: University of Wisconsin-Stevens Point

Journal of Economic Insight, 2010, vol. 36, issue 2, 1-21

Abstract: Using longitudinal data from the Health and Retirement Study and an ordered SUR Tobit model, we jointly analyze retirement age and death age to see who consumes retirement leisure. We find that retirement age and death age are indeed correlated. Hispanic and non-white individuals, and those who suffer from poorer self-assessed health, heart or mobility problems all successfully compensate for differences in mortality risk: they have a statistically significantly different retirement or death age, but statistically indistinguishable total retirement leisure. Attempts to fix Social Security or pension funding by increasing pension eligibility ages would disproportionately affect some of these groups.

JEL-codes: C34 J11 J26 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:36:y:2010:i:2:p:1-21

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