TY  - JOUR
AU  - Gustman,Alan L.
AU  - Steinmeier,Thomas L.
TI  - The Effects of Pensions and Retirement Policies on Retirement in Higher Education
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3593
PY  - 1991
Y2  - September 1991
UR  - http://www.nber.org/papers/w3593
L1  - http://www.nber.org/papers/w3593.pdf
N1  - Author contact info:
Alan L. Gustman
Department of Economics
Dartmouth College
Hanover, NH  03755-3514
Tel: 603/646-2641
Fax: 603/646-2122
E-Mail: ALAN.L.GUSTMAN@DARTMOUTH.EDU
M2  - featured in NBER digest on 1991-06-01
AB  - A structural retirement model is estimated using data for tenured, male faculty employed in the 1970's at 26 high quality private colleges and universities. Simulations of raising and then abolishing the mandatory retirement age suggest very large increases in full time work by faculty members in their late 60's and early 70's. Simulations also suggest that early retirement incentive programs would offset only a small fraction of the increase in work due to changes in mandatory retirement, and that rents created by these programs exceed savings from induced early retirements, with salaries of replacements further adding to costs.
ER  -