Do Pensions Increase the Labor Supply of Older Men?

26 Pages Posted: 6 Aug 2000

See all articles by Christopher J. Ruhm

Christopher J. Ruhm

University of Virginia - Frank Batten School of Leadership and Public Policy; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: November 1994

Abstract

This paper investigates the relationship between pension coverage and the retirement behavior of older men. Pensions are associated with higher work involvement for males in their late fifties and early sixties but with lower rates of job holding for those aged 65 through 69. Age of entry into pension employment is shown to be positively correlated with future labor supply. When combined with evidence on age-specific changes in labor force participation rates, this pattern casts doubt on the hypothesis that broadened pension coverage explains a substantial portion of the trend toward earlier male retirement.

Suggested Citation

Ruhm, Christopher J., Do Pensions Increase the Labor Supply of Older Men? (November 1994). NBER Working Paper No. w4925, Available at SSRN: https://ssrn.com/abstract=238462

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