UM07-16 - Private Pensions and Decisions of When to RetireJohn P. Laitner and Daniel Silverman
This research would shed light on two key labor-supply questions, namely, the effect on retirement of recent declines in DB pension plans and the cross-sectional effect on retirement of differences in late-in-career earning trajectories. Building within the analytic structure of the authors’ previous MRRC work, this project would develop, and then utilize, new empirical measures of the marginal effect of claiming age on DB pension benefits and of marginal earnings that different households enjoy if they postpone their retirement. The project would rely upon HRS data, including linked Social Security earnings records and employer pension plan descriptions.Working Paper:
Validating Life-Cycle Models: Lifetime Earnings and the Timing of Retirement.