A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health

59 Pages Posted: 19 Feb 2004 Last revised: 11 Oct 2008

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: March 1985

Abstract

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

Gustman, Alan L. and Steinmeier, Thomas L., A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health (March 1985). NBER Working Paper No. w1585, Available at SSRN: https://ssrn.com/abstract=336326

Alan L. Gustman (Contact Author)

Dartmouth College - Department of Economics ( email )

6106 Rockefeller Center
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603-646-2641 (Phone)
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National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
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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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