Economists have long suggested that higher private pension benefits "crowd out" other sources of household wealth accumulation. We exploit detailed information on pensions and lifetime earnings for older workers in the 1992 wave of the Health and Retirement Study and employ an instrumental-variable (IV) identification strategy to estimate…

In this paper the authors examine how the structures of earnings, Social Security, and pension benefits affect retirement behavior. They use an intertemporal model of labor supply, paying special attention to the institutional features of private pensions and Social Security benefits. (Author/SSH)

This booklet provides information about the changing work force. It offers a profile of workers aged 45 and older, as well as likely changes in the work force of the future. Tables and graphs illustrate the following: profile of Americans aged 50 and older, by employment status; employment status of the civilian noninstitutional population by age…

The current controversy over age-based mandatory retirement in academia is causing a review of tenure and salary policies. In this article, two alternative explanations for the institution of tenure are discussed. Five alternative policy responses available to university administrators are described and analyzed. (Author/SA)

Although the older person's economic stiuation has improved, older women, minorities, and rural residents have incomes significantly lower than those for the older population in general. Older married women may appear to be financially secure, but many of their resources often disappear when their husbands die. Widowhood or divorce endangers the…

This study examines the consumption of resources by retired persons by distinguishing between institutionally controlled resources (social security, medicare, prescription discounts, medicaid, heating subsidy, supplemental security income, veterans' benefits, disability income, and meals-on-wheels) and personally controlled resources (gardens,…