Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130319
Authors: 
Usui, Emiko
Shimizutani, Satoshi
Oshio, Takashi
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9620
Abstract: 
We investigate how Japanese men aged 60-74 adjust their workforce attachment after beginning to receive a public pension. Men who were employees at age 54 gradually move to part-time work or retire after beginning to receive pension benefits; those who continue working are more likely to be underemployed. Men self-employed at age 54, however, neither retire nor reduce their working hours even after beginning to receive pension benefits; these men are more likely to be overemployed. In contrast, U.S. men retire or move to part-time when they first claim Social Security; those who continue working as employees after Social Security starts are unlikely to be either over- or underemployed. Therefore, unlike U.S. men, Japanese men are not choosing the optimal pensionable age and labor hours to maximize their intertemporal utility.
Subjects: 
Health and Retirement Study (HRS)
pension benefits
Japanese Study on Aging and Retirement (JSTAR)
work hours
hours constraints
Japan
JEL: 
J26
I10
H55
Document Type: 
Working Paper

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