| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12559 |
| 来源ID | Working Paper 12559 |
| Labor Market Shocks and Retirement: Do Government Programs Matter? | |
| Courtney C. Coile; Phillip B. Levine | |
| 发表日期 | 2006-10-06 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social Security (SS) system affect how older workers respond to labor market shocks. To do so, we use pooled cross-sectional data from the March Current Population Survey (CPS) as well as March CPS files matched between one year and the next and longitudinal data from the Health and Retirement Survey (HRS). We find that downturns in the labor market increase retirement transitions. The magnitude of this effect is comparable to that associated with moderate changes in financial incentives to retire and to the threat of a health shock to which older workers are exposed. Interestingly, retirements only increase in response to an economic downturn once workers become SS-eligible, suggesting that retirement benefits may help alleviate the income loss associated with a weak labor market. We also estimate the impact of UI generosity on retirement and find little consistent evidence of an effect. This suggests that in some ways SS may serve as a more effective form of unemployment insurance for older workers than UI. |
| 主题 | Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w12559 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570220 |
| 推荐引用方式 GB/T 7714 | Courtney C. Coile,Phillip B. Levine. Labor Market Shocks and Retirement: Do Government Programs Matter?. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12559.pdf（228KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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