Is Mandatory Retirement Overrated? Evidence from the 1970s

Richard Burkhauser and Joseph Quinn ()

Journal of Human Resources, 1983, vol. 18, issue 3, 337-358

Abstract: In this paper we argue that mandatory retirement is only one aspect of a much broader system that influences an individual's retirement decision. We look at responses over time to variations in mandatory retirement rules faced by a sample of private-sector workers aged 62-64 in 1973. This is done within a model that specifically includes the economic incentives present in Social Security and pension systems. We find that the impact of a mandatory retirement rule on work is considerably smaller than a simple comparison of those with and without mandatory retirement would imply.

Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:18:y:1983:i:3:p:337-358

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