Hours Flexibility and Retirement

17 Pages Posted: 10 Mar 2007

See all articles by Kerwin Kofi Charles

Kerwin Kofi Charles

University of Chicago - Harris School of Public Policy

Philip DeCicca

McMaster University - Department of Economics; Ball State--Department of Economics

Abstract

Data from the Health and Retirement Study indicate that hours constraints are a common feature of jobs held by workers nearing retirement. We present a simple model that predicts that workers who are not free to lower their usual hours of work should be more likely than their unconstrained counterparts to retire by some future date. Our estimates, which are robust to various specifications, support this prediction. The amount by which being hours constrained is estimated to raise retirement probabilities is nearly as large as the effect of being in relatively poor health, suggesting an economically significant effect.

Suggested Citation

Charles, Kerwin Kofi and DeCicca, Philip, Hours Flexibility and Retirement. Economic Inquiry, Vol. 45, No. 2, pp. 251-267, April 2007, Available at SSRN: https://ssrn.com/abstract=969517 or http://dx.doi.org/10.1111/j.1465-7295.2006.00009.x

Kerwin Kofi Charles (Contact Author)

University of Chicago - Harris School of Public Policy ( email )

1155 East 60th Street
Chicago, IL 60637
United States
(773) 834-8922 (Phone)

Philip DeCicca

McMaster University - Department of Economics ( email )

Hamilton, Ontario L8S 4M4
Canada

Ball State--Department of Economics ( email )

United States

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