A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health
59 Pages Posted: 19 Feb 2004 Last revised: 11 Oct 2008
Date Written: March 1985
Intergroup differences in retirement rates by race, major occupation and health status are examined and allocated to differences in budget sets and indifference curve parameters. In addition, comparisons indicate that average retirement rates for groups may, at times, be misleading indicators of marginal responses to incentives. It is predicted that all groups will respond to the work incentives in the 1983 Social Security Amendments, even those ill health and difficult jobs, and the resulting increases in earnings are predicted to amount to from one sixth to over one half of the reductionin lifetime benefits created by the amendments.
Suggested Citation: Suggested Citation