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When They're Sixty-Four: Peer Effects and the Timing of Retirement

机译:当他们六十四岁时:同伴效应和退休时间

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This paper examines the effect of peers on an individual's likelihood of retirement using an administrative dataset of all retirement-eligible Los Angeles teachers for the years 1998-2001. We use two large unexpected pension reforms that differentially impacted financial incentives within and across schools to construct an instrument for others' retirement decisions. Controlling for individual and school characteristics, we find that the retirement of an additional teacher in the previous year at the same school increases a teacher's own likelihood of retirement by 1.5-2 percentage points. We then explore some possible mechanisms through which this effect operates.
机译:本文使用1998-2001年间所有符合退休条件的洛杉矶教师的行政数据集,研究了同龄人对个人退休可能性的影响。我们使用两项意想不到的大型养老金改革,这些改革对学校内部和学校之间的经济激励产生了不同的影响,从而为其他人的退休决策构建了一种工具。通过对个人和学校的特征进行控制,我们发现,同一学校上一学年增加一名教师的退休,使教师自己退休的可能性提高了1.5-2个百分点。然后,我们探讨了通过这种作用起作用的一些可能的机制。

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  • 来源
    《American economic journal》 |2012年第3期|p.90-115|共26页
  • 作者单位

    Department of Economics and School of Labor and Employment Relations, University of Illinois at Urbana-Champaign, 504 E. Armory Ave., Champaign, IL 61820;

    Laschever: Department of Economics and School of Labor and Employment Relations, University of Illinois at Urbana-Champaign, 504 E. Armory Ave., Champaign, IL 61820;

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  • 正文语种 eng
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  • 入库时间 2022-08-17 23:13:13

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