Job Exit Behavior of Older Men

Berkovec, James A.; Stern, Steven

doi:10.2307/2938246

Cited by 235 publications

(181 citation statements)

References 8 publications

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“…An age gradient was also noted by Berkovec and Stern (1991) in the older NLS cohort, by Ruhm (1990) in the RHS cohort, and by Benitez-Silva (2000) in the HRS cohort.…”

mentioning

confidence: 80%

“…Even though unretirement could be optimal in a theoretical life cycle model, whether on account of uncertainty or some predictable force, many empirical analyses assume retirement is an absorbing state. Of those that relax this assumption (Berkovec and Stern 1991; Blau 1994; French 2005; Rust and Phelan 1997), only Blau (1994) and Rust and Phelan (1997) examine whether their models can predict observed re-entry rates. Although many authors have noted the existence of so-called reverse transitions in the data, rarely has unretirement been the object of direct study, perhaps because unretirement transitions were often thought to be relatively uncommon (see for example, Reimers and Honig 1993; Rust and Phelan 1997).…”

Section: Introductionmentioning

confidence: 99%

“…For example, Gustman and Steinmeier (1984a) estimated a 16.6 percent unretirement rate (based on self-reported retirement status) over a two-year period in the RHS; Berkovec and Stern (1991) reported one-year unretirement rates (based on work hours) ranging between 6.3 to 13.2 percent depending on age in the National Longitudinal Study of Older Men (NLS) (b. 1907-1921); Diamond and Hausman (1984) reported two-year re-entry rates of retired workers in the NLS of 9.6 to 17.6 percent depending on age; and Benitez-Silva (2000) found that about 12.6 percent of nonworkers (not necessarily retirees) in the HRS re-entered the labor force within 24 months.…”

mentioning

confidence: 99%

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Back to Work: Expectations and Realizations of Work after Retirement

Maestas

2010

Journal of Human Resources

294

269

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This paper analyzes a puzzling aspect of retirement behavior known as “unretirement.” Nearly 50 percent of retirees follow a nontraditional retirement path that involves partial retirement or unretirement, and at least 26 percent of retirees later unretire. I explore two possible explanations: 1) unretirement transitions result from failures in planning or financial shocks; and 2) unretirement transitions are anticipated prior to retirement, reflecting a more complex retirement process. I show that unretirement was anticipated for the vast majority of those returning to work, and is not a result of financial shocks, poor planning or low wealth accumulation.

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“…An age gradient was also noted by Berkovec and Stern (1991) in the older NLS cohort, by Ruhm (1990) in the RHS cohort, and by Benitez-Silva (2000) in the HRS cohort.…”

mentioning

confidence: 80%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Back to Work: Expectations and Realizations of Work after Retirement

Maestas

2010

Journal of Human Resources

294

269

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“…In particular, we refer to dynamic models by Stock and Wise (1990) and Berkovec and Stern (1991), as well as on the reduced form models by Coile and Gruber (2007) and Wise (1999, 2004). In this framework a forward looking individual decides each period whether to continue working or to exit the labor market permanently and retire, based on an evaluation of the current and future benefits of continued work relative to the benefits of retirement.…”

Section: Labor Supply Elasticitymentioning

confidence: 99%

Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions

Manoli

Wéber

2016

American Economic Journal: Economic Policy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions Abstract This paper presents new evidence on the effects of retirement benefits on labor force participation decisions. The analysis is based on a mandated rule for employer-provided retirement benefits in Austria that creates discontinuities in the incentives for workers to delay retirement. We present graphical evidence on labor supply responses and effective financial incentives and develop nonparametric methods to estimate extensive margin labor supply elasticities. Overall, multiple results highlight modest impacts of financial incentives on retirement decisions. JEL-Code: H310, J140, J260. Terms of use: Documents in EconStor may

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“…Il s'obtient lorsque T est une matrice nulle. On peut trouver dans Berkovec et Stern (1991) ainsi que dans Ben-Akiva et Bolduc (1991) une utilisation de cette démarche. L'approche de ces derniers est d'ailleurs brièvement décrite à la section suivante puisqu'elle apporte également une solution au second problème mentionné.…”

Section: C) Simulateurs Lisses De Type Noyauunclassified

Estimation des modèles probit polytomiques : un survol des techniques

Bolduc

Kaci

2009

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Parce qu’il admet des structures très générales d’interdépendance entre les modalités, le probit polytomique (MNP) fournit une des formes les plus intéressantes pour modéliser les choix discrets qui découlent d’une maximisation d’utilité aléatoire. L’obstacle majeur et bien connu dans l’estimation de ce type de modèle tient à la complexité que prennent les calculs lorsque le nombre de modalités considérées est élevé. Cette situation est due essentiellement à la présence d’intégrales normales multidimensionnelles qui définissent les probabilités de sélection. Au cours des deux dernières décennies, de nombreux efforts ont été effectués visant à produire des méthodes qui permettent de contourner les difficultés de calcul liées à l’estimation des modèles probit polytomiques. L’objectif de ce texte consiste à produire un survol critique des principales méthodes mises de l’avant jusqu’à maintenant pour rendre opérationnel le cadre MNP. Nous espérons qu’il éclairera les praticiens de ces modèles quant au choix de technique d’estimation à favoriser au cours des prochaines années.The Multinomial Probit (MNP) model provides the most general framework to allow for interdependent alternatives in discrete choice analysis. The primary impediment to this methodology is related to the dimensionality of the response probabilities which are multifold normal integrals of about the size of the choice set. During the last two decades, numerous researches have been devoted to develop practical methodologies to replace these hard to compute choice probabilities in the estimation process. The main objective of this paper is to survey the major and the most important of these techniques

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Job Exit Behavior of Older Men

Cited by 235 publications

References 8 publications

Back to Work: Expectations and Realizations of Work after Retirement

Back to Work: Expectations and Realizations of Work after Retirement

Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions

Estimation des modèles probit polytomiques : un survol des techniques

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