| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19638 |
| 来源ID | Working Paper 19638 |
| Macroeconomic Determinants of Retirement Timing | |
| Yuriy Gorodnichenko; Jae Song; Dmitriy Stolyarov | |
| 发表日期 | 2013-11-14 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15 percent for 60-62 year olds), and that the duration of partial retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are partially retired show a differential response to a high unemployment rate: younger workers increase their partial retirement spell, while older workers accelerate their transition to full retirement. We also find that high inflation discourages full-time work and encourages partial and full retirement. Housing prices do not have a significant impact on retirement timing. |
| 主题 | Macroeconomics ; Consumption and Investment ; Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w19638 |
| 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/577312 |
| 推荐引用方式 GB/T 7714 | Yuriy Gorodnichenko,Jae Song,Dmitriy Stolyarov. Macroeconomic Determinants of Retirement Timing. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
