UM05-11: The Role of Conventional Retirement Age in Retirement Decisions
Researchers
Abstract
Previous research documents the increased hazard of retirement at “conventional” retirement ages, especially the “early” and “normal” retirement ages defined by Social Security. Future public and private (employer) policies will change retirement incentives in ways that may (or may not) change “conventional” or focal retirement ages as well. Each wave of the Heath and Retirement Study asks currently employed workers “What is the usual retirement age for people who work with you or have the same kind of job?” This project will investigate the determinants of workers’ “usual” retirement age, and its relationship to subsequent retirement behavior.