@techreport{Filer2005Endogenous,
abstract = {This paper suggests that pension characteristics are simultaneously determined along with
workers? retirement ages. Both the age of pension eligibility and actual retirement age are
determined by the productivity and marginal disutility of work, factors that are influenced by
worker and job characteristics. This approach differs from previous studies of retirement that
treat pensions as exogenous, implying that prior empirical work may have overestimated the
responsiveness of retirement age to changes in pension structure, a possibility with obvious
policy implications for efforts to raise the age of retirement. We find that, in the conventional
single-equation framework, delaying the age of pension eligibility would significantly delay
retirement. When treated in a recursive simultaneous system, however, age of pension
eligibility retains no explanatory power.},
author = {Randall Filer and Marjorie Honig},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H55; H31; J26; 330; social security; early retirement; job characteristics; pension eligibility; Altersgrenze; Arbeitsangebot; Arbeitsproduktivit\"{a}t; Sch\"{a}tzung; Theorie; USA},
language = {eng},
number = {1547},
title = {Endogenous pensions and retirement behavior},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19011},
year = {2005}
}
