Partial Retirement and Wage Profiles of Older Workers

33 Pages Posted: 22 Jun 2004 Last revised: 27 Sep 2010

See all articles by Alan L. Gustman

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

Date Written: October 1982

Abstract

Older workers are likely to face different wage offers for work while not retired than for work while partially retired. Conventional analyses of wage profiles pool all waqe observations without distin-guishing among individuals according to retirement status.Our empirical analysis suggests the following conclusions.1)Wages for work while not retired and for work while partially retiredare significantly different from one another.2) wage offers facing older workers may vary considerably between those who do and do not face lower limit constraints requiring full-time work or none at all on their main job. 3) Failing to distinguish between wages paid to the partially retired and to the not retired causes a sizable exaggeration of the decline with experience in the wage offer for work while not retired.

Suggested Citation

Gustman, Alan L. and Steinmeier, Thomas L., Partial Retirement and Wage Profiles of Older Workers (October 1982). NBER Working Paper No. w1000, Available at SSRN: https://ssrn.com/abstract=304742

Alan L. Gustman (Contact Author)

Dartmouth College - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography ( email )

Lubbock, TX 79409-2101
United States
806-742-2201 (Phone)

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