Key Findings Details
The Effect of Retirement Incentives on Retirement Behavior: Evidence from the Self-Employed in the United States and England
Julie Zissimopoulos, Nicole Maestas and Lynn Karoly
- The higher labor force exit rate of wage and salary workers compared to self-employed workers is due to defined benefit pension incentives created by the public and private pension systems.
- Higher rates of labor force exit at ages 55 and older in England compared to the United States are due in part to the availability of publicly provided health insurance.