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Retirement Status and State Dependence: A Longitudinal Study of Older Men

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  • Slade, Frederic P

Abstract

This paper examines the role of state dependence in explaining the retirement status of older men. Following from the work of James Heckman and others, apparent and true state dependence are distinguished in a dynamic retirement model. Using a two year longitudinal sample of men aged 58 to 62 in 1969, apparent and true state dependence are controlled for through estimation of an error- components model and a retirement-transition model. The results indicate substantial evidence of state dependence. Copyright 1987 by University of Chicago Press.

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  • Slade, Frederic P, 1987. "Retirement Status and State Dependence: A Longitudinal Study of Older Men," Journal of Labor Economics, University of Chicago Press, vol. 5(1), pages 90-105, January.
    • Handle: RePEc:ucp:jlabec:v:5:y:1987:i:1:p:90-105
    DOI: 10.1086/298139
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    Cited by:

    1. David Neumark & Wendy A. Stock, 1999. "Age Discrimination Laws and Labor Market Efficiency," Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 1081-1110, October.
    2. Slade, Alexander N., 2012. "Health investment decisions in response to diabetes information in older Americans," Journal of Health Economics, Elsevier, vol. 31(3), pages 502-520.
    3. Nishimura, Yoshinori, 2016. "Did Government Intervention on Firm’s Employment Policies Have an Effect on the Employment of Elderly Workers?," MPRA Paper 73444, University Library of Munich, Germany.

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