Advertisement

American Patterns of Work and Retirement

Conference paper

Abstract

By most standards retirement policy in the United States has been a success. The Social Security system (Old-Age, Survivors, Disability, and Health Insurance, or OASDHI) provides a retirement pension and health benefits to most older workers and their families. The Supplemental Security Income Program guarantees a minimum income floor for those aged 65 and over regardless of past work histories. Federal tax policy encourages the creation of employer retirement pensions. The growth in both coverage and the size of benefits of this network of social insurance, social welfare, and employer pensions is in large part responsible for the dramatic increase in the well-being of older Americans.

Keywords

Social Security Labor Force Participation Pension Plan Social Security Benefit Accrual Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Anderson, K. H., R. V. Burkhauser, and J. F. Quinn (1986) Do Retirement Dreams Come True: The Effect of Unanticipated Events on Retirement Plans. Industrial and Labor Relations Review 39, 4, pp. 518–526CrossRefGoogle Scholar
  2. Barnow, B. S. and R. G. Ehrenberg (1979) The Costs of Defined Benefit Pension Plans and Firm Adjustments. Quarterly Journal of Economics, pp. 523–540Google Scholar
  3. Becker, G. S. and G. J. Stigler (1974) Law Enforcement, Malfeasance, and Compensation of Enforcers. Journal of Legal Studies 3, pp. 1–18CrossRefGoogle Scholar
  4. Blinder, A. S., R. Gordon, and D. E. Wise (1980) Reconsidering the Work Disincentive Effects of Social Security. National Tax Journal 33, pp. 431–442Google Scholar
  5. Burkhauser, R. V. and J. F. Quinn (1983a) The Effect of Pension Plans on the Pattern of Life-Cycle Compensation. In: The Measure of Labor Cost, Jack E. Triplett (Ed.) Chicago: University of Chicago Press, pp. 395–415Google Scholar
  6. Burkhauser, R. V. and J. F. Quinn (1983b) Is Mandatory Retirement Overrated? Evidence from the 1970s. Journal of Human Resources 18, pp. 337–358CrossRefGoogle Scholar
  7. Burkhauser, R. V. and J. A. Turner (1982) Labor-Market Experience of the Almost Old and the Implications for Income Support. American Economic Review 72, pp. 304–308Google Scholar
  8. Burtless, G. (1986) Social Security, Unanticipated Benefit Increases, and the Timing of Retirement. Review of Economic Studies 53, 176, pp. 781–805CrossRefGoogle Scholar
  9. Burtless, G. and R. A. Moffitt (1985) The Joint Choice of Retirement Age and Postretirement Hours of Work. Journal of Labor Economics 3, pp. 209–236CrossRefGoogle Scholar
  10. Burtless, G. and R. A. Moffit (1986) Social Security, Earnings Tests, and Age of Retirement. Public Finance Quarterly 14, pp. 3–27CrossRefGoogle Scholar
  11. Fields, G. S. and O. S. Mitchell (1984) Retirement, Pensions, and Social Security. Cambridge, MA: The MIT PressGoogle Scholar
  12. Gordon, R. H. and A. S. Blinder (1980) Market Wages, Reservation Wages, and Retirement Decisions. Journal of Public Economics, pp. 431–442Google Scholar
  13. Gustman, A. A. and T. L. Steinmeier (1984) Partial Retirement and the Analysis of Retirement Behavior. Industrial and Labor Relations Review 37, pp. 403–415CrossRefGoogle Scholar
  14. Gustman, A. A. and T. L. Steinmeier (1985) The 1983 Social Security Reforms and Labor Supply Adjustments of Older Individuals in the Long Run. Journal of Labor Economics 3, pp. 237–253CrossRefGoogle Scholar
  15. Gustman, A. A. and T. L. Steinmeier (1987) An Analysis of Pension Benefits Formulas, Pension Wealth, and Incentives from Pensions. U.S. Department of Labor (B9P52726), mimeoGoogle Scholar
  16. Hatch, S. (1981) Financial Retirement Incentives in Private Pension Plans, Urban Institute Report. Draft project report to the Department of Labor, J-9-P-0–0163Google Scholar
  17. Honig, M. and G. Hanoch (1985) Partial Retirement as a Separate Mode of Retirement Behavior. Journal of Human Resources 20, pp. 21–46CrossRefGoogle Scholar
  18. Ippolito, R. A. (1986) Pensions, Economics, and Public Policy. Homewood, IL: Dow Jones-IrwinGoogle Scholar
  19. Ippolito, R. A. (1987) The Implicit Pension Contract: Developments and New Directions. Journal of Human Resources 22, pp. 441–467CrossRefGoogle Scholar
  20. Kotlikoff, L. J. and David A. Wise (1985) Labor Compensation and the Structure of Private Pension Plans: Evidence for Contractual versus Spot Labor Markets. In: Pensions, Labor, and Individual Choice, David A. Wise (Ed.) Chicago: The University of Chicago PressGoogle Scholar
  21. Lazear, E. P. (1979) Why Is There Mandatory Retirement? Journal of Political Economy 87, pp. 1261–1284CrossRefGoogle Scholar
  22. Quinn, J. F. (1981) The Extent and Correlates of Partial Retirement. The Gerontologist 21, pp. 634–643CrossRefGoogle Scholar
  23. Quinn, J. F. (1987) The Economic Status of the Elderly: Beware of the Mean. Review of Income and Wealth 33, pp. 63–82CrossRefGoogle Scholar
  24. Quinn, J. F. and R. V. Burkhauser (1983) Influencing Retirement Behavior: A Key Issue for Social Security. Journal of Policy Analysis and Management 3, pp. 1–13CrossRefGoogle Scholar
  25. Smolensky, E., S. Danziger, and P. Gottshalk (1988) The Declining Significance of Age in the United States: Trends in the Well-Being of Children and the Elderly since 1939. In: The Vulnerable, J. Palmer, T. Smeeding, and B. Torrey (Eds.) Washington, D.C.: The Urban Institute, pp. 29–54Google Scholar
  26. Social Security Administration (1987) Annual Statistical Supplement. Washington, D.C.: U.S. Government Printing OfficeGoogle Scholar
  27. U.S. Bureau of the Census (1986) Current Population Reports. Series P-60, No. 152. Characteristics of the Population Below the Poverty Level: 1984. Washington, D.C.: U.S. Government Printing OfficeGoogle Scholar
  28. Ycas, M. and S. Grad (1987) Income of Retirement-Aged Persons, Social Security Bulletin 50, pp. 5–14Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

There are no affiliations available

Personalised recommendations