This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Journal: Applied Economics: Vol. 4 No. 3 (July 2012)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Applied - All Issues

AEJ: Applied Forthcoming Articles

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

Article Citation

Brown, Kristine M., and Ron A. Laschever. 2012. "When They're Sixty-Four: Peer Effects and the Timing of Retirement." American Economic Journal: Applied Economics, 4(3): 90-115.

DOI: 10.1257/app.4.3.90

Abstract

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. (JEL H75, I21, J14, J26, J45)

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (5.47 MB) | Online Appendix (109.69 KB)

Authors

Brown, Kristine M. (U IL)
Laschever, Ron A. (U IL)

JEL Classifications

H75: State and Local Government: Health; Education; Welfare; Public Pensions
I21: Analysis of Education
J14: Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
J26: Retirement; Retirement Policies
J45: Public Sector Labor Markets

Comments

View Comments on This Article (2) | Login to post a comment


American Economic Journal: Applied Economics


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Applied - All Issues

AEJ: Applied - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us