Early Retirement Windows
15 Pages Posted: 26 Apr 2010
Date Written: December 1, 2003
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.
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