Trends in Male Labor Force Participation and Retirement: Some Evidence on the Role of Pensions and Social Security in the 1970's and 1980's

Anderson, Patricia M.; Gustman, Alan L.; Steinmeier, Thomas L.

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Trends in Male Labor Force Participation and Retirement: Some Evidence on the Role of Pensions and Social Security in the 1970's and 1980's

NBER Working Paper No. w6208

48 Pages Posted: 11 Jun 2000 Last revised: 19 Dec 2022

See all articles by Patricia M. Anderson

Patricia M. Anderson

Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER)

Alan L. Gustman

Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER)

Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography

There are 2 versions of this paper

Date Written: October 1997

Abstract

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in the 1970's and 1980's. Work incentives associated with pension" coverage and plan characteristics are calculated primarily from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about a quarter of the reduction in full-time work by men in their early sixties none of the trend for those age 65.

Suggested Citation: Suggested Citation

Anderson, Patricia M. and Gustman, Alan L. and Steinmeier, Thomas L., Trends in Male Labor Force Participation and Retirement: Some Evidence on the Role of Pensions and Social Security in the 1970's and 1980's (October 1997). NBER Working Paper No. w6208, Available at SSRN: https://ssrn.com/abstract=225966