Full Citation

Title: The Pensions and Labor Force Participation of Civil War Veterans and Non-Veterans

Citation Type: Conference Paper

Publication Year: 2001

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Abstract: This paper examines the impact of Civil War pensions on the labor force participation of the veterans and non-veterans. The main question is how much the pensions reduce the labor force participation of pensioners. The analysis shows a substantial difference in the participation rate among the pensioners, which closely correspond to the variation in pension income. The pensions account for as much as 15 percent reduction in the participation rate. The analysis also finds a significant impact of health and occupation, and supports previous findings about the declining elasticity of retirement with respect to pensions. Furthermore, a comparison of the participation rate between veterans and nonveterans reveals a strong regional difference in retirement behavior. A lower participation rate of Union veterans who received the pensions was not only caused by the pensions, but also the lower participation rates in the Northern states.

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Authors: Kanjanapipatkul, Tayatat

Conference Name: "Health and Labor Force Participation Over the Life Cycle: Evidence from the Past" (National Bureau Of Economic Research)

Publisher Location: Cambridge, MA

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Other

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