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MINIMUM‐HOURS CONSTRAlNTS AND RETlREMENT BEHAVlOR
Author(s) -
GUSTMAN ALAN L.,
STEINMEIER THOMAS L.
Publication year - 1983
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1983.tb00761.x
Subject(s) - imperfect , economics , context (archaeology) , econometrics , prime (order theory) , variable (mathematics) , mathematics , geography , mathematical analysis , philosophy , linguistics , combinatorics , archaeology
This paper presents statistics which confirm the existence of minimum‐hours constraints for jobs held by a majority of prime‐age male workers who are not self‐employed. It then considers the implications of these Constraints for studies of retirement behavior and related policy analyses. Potential biases associated with conventional analyses, which either ignore the existence of minimum‐hours constraints or assume they are pervasive, are discussed in the context of structural life‐cycle retirement models. A more realistic but still imperfect specification, which can be estimated given available data, assumes minimum‐hours constraints on the main job and variable hours elsewhere