The Effects of Pensions and Earnings on Retirement: A Review Essay

62 Pages Posted: 7 Jan 2008 Last revised: 13 Aug 2022

See all articles by Olivia S. Mitchell

Olivia S. Mitchell

University of Pennsylvania - The Wharton School; University of Pennsylvania - The Wharton School, Pension Research Council; National Bureau of Economic Research (NBER)

Gary Fields

Cornell University - School of Industrial and Labor Relations; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: September 1981

Abstract

Does retirement behavior react predictably to economic incentives? Evidence on this question would be useful to policy makers responsible for work and retirement programs affecting the elderly. This paper reviews the lessons and limitations of recent economics literature on pensions, earnings, and retirement. Section I develops the life cycle context for analyzing this problem. Theoretical literature is examined in Section II, followed by a review of the empirical literature in Section III. Conclusions appear at the end of each Section.

Suggested Citation

Mitchell, Olivia S. and Fields, Gary S., The Effects of Pensions and Earnings on Retirement: A Review Essay (September 1981). NBER Working Paper No. w0772, Available at SSRN: https://ssrn.com/abstract=351324

Olivia S. Mitchell (Contact Author)

University of Pennsylvania - The Wharton School ( email )

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University of Pennsylvania - The Wharton School, Pension Research Council ( email )

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Gary S. Fields

Cornell University - School of Industrial and Labor Relations ( email )

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IZA Institute of Labor Economics

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