NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Retirement Flows

Alan L. Gustman, Thomas L. Steinmeier

NBER Working Paper No. 1069 (Also Reprint No. r0526)
Issued in 1983
NBER Program(s):   LS

This paper considers labor market flows of older workers among the states of nonretirement, partial retirement and full retirement.Statistics are presented which describe entry, exit and continuation rates for each state by age, duration dependence, and "reverse flows."One important finding which has implications for the structure of utility functions embedded in life cycle retirement models is the relatively high incidence but short duration of partial retirement.These implications are discussed.

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Document Object Identifier (DOI): 10.3386/w1069

Published: Gustman, Alan L. and Thomas L. Steinmeier. "Modeling the Retirement Process for Policy Evaluation and Research." (title different from WP) Monthly Labor Review, Vol. 107, No. 7, July 1984, pp. 26-33.

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