TY  - JOUR
AU  - Chan,Sewin
AU  - Stevens,Ann Huff
TI  - How Does Job Loss Affect the Timing of Retirement?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8780
PY  - 2002
Y2  - February 2002
UR  - http://www.nber.org/papers/w8780
L1  - http://www.nber.org/papers/w8780.pdf
N1  - Author contact info:
Sewin Chan
Robert F. Wagner Graduate School of Public Service
New York University
295 Lafayette Street - 2nd floor
New York, NY 10012
Tel: 212/998-7495
Fax: 212/995-3890
E-Mail: sewin.chan@nyu.edu

Ann Huff Stevens
Department of Economics
One Shields Avenue
University of California, Davis
Davis, CA  95616
Tel: 530/752-3034
E-Mail: annstevens@ucdavis.edu
AB  - We use the Health and Retirement Study to examine the effects of job loss on factors affecting retirement incentives, including earnings, assets and pensions. We then estimate models of the retirement decision, which take into account the incentive to retire and any additional effects of displacement that are not captured by retirement incentives. There are substantial effects of displacement on retirement incentives as the result of changes to both earnings and pensions. Displacement significantly increases the probability of retirement, but only a small fraction of the displacement-induced changes in retirement behavior and labor force participation are the result of workers responding to these altered retirement incentives.
ER  -