Early Retirement Windows

Brown, Charles

doi:10.2139/ssrn.1596115

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Early Retirement Windows

Michigan Retirement Research Center Research Paper No. WP 2003-064

15 Pages Posted: 26 Apr 2010

See all articles by Charles Brown

Charles Brown

University of Michigan; National Bureau of Economic Research (NBER)

There are 2 versions of this paper

Date Written: December 1, 2003

Abstract

What happens to the employment status and earnings of workers who accept early retirement windows? Using data from the first six waves of HRS (1992-2002) I find that those who accepted window offers experience a sharp decline in employment - most do not go to work elsewhere. Those who do accept jobs elsewhere work fewer hours and receive significantly lower earnings per hour. Transitions to self-employment are more common among window acceptors than other workers.

Suggested Citation: Suggested Citation

Brown, Charles C., Early Retirement Windows (December 1, 2003). Michigan Retirement Research Center Research Paper No. WP 2003-064, Available at SSRN: https://ssrn.com/abstract=1596115 or http://dx.doi.org/10.2139/ssrn.1596115