What Causes Workers to Retire Before They Plan?

Alicia Munnell, Geoffrey Sanzenbacher and Matthew Rutledge

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: This paper explores the extent to which health, employment, family, or finances are associated with earlier-than-planned retirement using the Health and Retirement Study (HRS). The importance of any shock that drives early retirement depends both on its effect on those experiencing it and its prevalence in the population; therefore, the analysis proceeds in two steps. First, a probit regression is used to determine the strength of the relationship between the shocks and earlier-than-planned retirement, controlling for individual characteristics. Second, to incorporate the prevalence of the shock, counterfactual experiments are run to determine how much early retirement would be reduced in the population if these shocks did not occur.

Pages: 34 pages
Date: 2015-09
New Economics Papers: this item is included in nep-age and nep-lab
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://crr.bc.edu/working-papers/what-causes-workers-to-retire-before-they-plan/ R

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2015-22

Access Statistics for this paper

More papers in Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().