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Title: The Link Between Pensions and Retirement Planning: Lessons from California Teachers

Citation Type: Journal Article

Publication Year: 2013

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Abstract: I exploit a major, unanticipated reform of the California teachers' pension to provide quasi-experimental evidence on the link between pension features and retirement timing. Using two large administrative data sets, I conduct a reduced-form analysis that leverages the nonlinearities in the return to work generated by the pension features and the reform-induced shifts of these nonlinearities for identification. The implied estimates of the elasticity of lifetime labor supply with respect to the return to work are centered around 0.04 in the medium-run and are less than 0.1 in the long-run.

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Authors: Brown, Kristine M.

Periodical (Full): Journal of Public Economics

Issue: 1

Volume: 98

Pages: 1-14

Data Collections: IPUMS USA, IPUMS CPS

Topics: Aging and Retirement, Labor Force and Occupational Structure

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