This is the program for the 2010 Joint Statistical Meetings in Vancouver, British Columbia.
Abstract Details
Activity Number:
|
579
|
Type:
|
Topic Contributed
|
Date/Time:
|
Wednesday, August 4, 2010 : 2:00 PM to 3:50 PM
|
Sponsor:
|
Business and Economic Statistics Section
|
Abstract - #307626 |
Title:
|
The Link Between Pensions and Retirement Timing: Lessons from California Teachers
|
Author(s):
|
Kristine Brown*+
|
Companies:
|
University of Illinois at Urbana-Champaign
|
Address:
|
, , 61821,
|
Keywords:
|
Retirement ;
Pension ;
Teachers
|
Abstract:
|
I exploit a major, unanticipated reform of the California teachers' pension to provide quasi-experimental evidence on the link between pension generosity and retirement timing. Using two large administrative datasets, I conduct a reduced-form analysis of the pension reform and estimate a structural model of retirement timing. With both methods, I find that the rise in the price of retirement had a positive, but relatively small effect on the fraction of people retiring later. The implied estimates of the elasticity of retirement age with respect to the price of retirement are 0.02 in the medium-run and 0.10 in the long-run.
|
The address information is for the authors that have a + after their name.
Authors who are presenting talks have a * after their name.
Back to the full JSM 2010 program
|
2010 JSM Online Program Home
For information, contact jsm@amstat.org or phone (888) 231-3473.
If you have questions about the Continuing Education program, please contact the Education Department.