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dc.contributor.authorFiler, Randallen_US
dc.contributor.authorHonig, Marjorieen_US
dc.date.accessioned2009-01-28T15:54:26Z-
dc.date.available2009-01-28T15:54:26Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19011-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1547en_US
dc.subject.jelH55en_US
dc.subject.jelH31en_US
dc.subject.jelJ26en_US
dc.subject.ddc330en_US
dc.subject.keywordsocial securityen_US
dc.subject.keywordearly retirementen_US
dc.subject.keywordjob characteristicsen_US
dc.subject.keywordpension eligibilityen_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleEndogenous pensions and retirement behavioren_US
dc.typeWorking Paperen_US
dc.identifier.ppn50361923Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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