Work after Retirement: Worklife Transitions of Career Public Employess

Robert L. Clark, Robert Hammond and Siyan Liu

No 26272, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Engaging in paid employment after claiming retirement benefits may be an important avenue for individuals to work longer as life expectancies rise. After separating from one’s career employer, individuals may engage in paid work to stay active or to supplement their current level of retirement savings or both. Individuals who choose not to work after claiming may be expressing their preference to stay retired, perhaps because their retirement income is sufficient. However, the decision to work after claiming may be driven by the lack of retirement planning and insufficient savings, while the lack of post-claiming work may reflect the inability to find adequate employment opportunities. We use administrative records merged with panel data from several surveys of public employees in North Carolina to study the decision to engage in paid work after claiming retirement benefits. More than 60 percent of active workers plan to work after claiming benefits, while only around 42 percent of the same sample of individuals have engaged in post-claiming paid work in the first few years after leaving public sector employment. Despite this gap, stated work plans are strongly predictive of actual post-claiming work behavior

JEL-codes: J14 J26 J45 (search for similar items in EconPapers)
Date: 2019-09
New Economics Papers: this item is included in nep-age and nep-lma
Note: AG
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Published as Robert L. Clark & Robert G. Hammond & Siyan Liu, 2021. "Work after retirement: worklife transitions of career public employees," Journal of Pension Economics and Finance, vol 20(3), pages 341-356.

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Journal Article: Work after retirement: worklife transitions of career public employees (2021)
Chapter: Work after Retirement: Worklife Transitions of Career Public Employees (2019)
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