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Ashenfelter, Orley, and
David Card. 2002. "Did the Elimination of Mandatory Retirement Affect Faculty Retirement? ."
,
92(4): 957-980.
Show Article Details
DOI: 10.1257/00028280260344542
Abstract:A special exemption from the 1986 Age Discrimination Act allowed colleges and universities to enforce mandatory retirement of faculty at age 70 until 1994. We construct a survey that permits us to compare faculty turnover rates before and after the law changed at a large sample of institutions with defined contribution pension plans. After the elimination of compulsory retirement the retirement rates of 70- and 71-year-olds fell by two-thirds and were comparable to rates of 69-year-olds. These findings indicate that U.S. colleges and universities will experience a rise in the number of older faculty over the coming years. (JEL J26, I21)
Authors:
Ashenfelter, Orley
Card, David
JEL Classifications:
:
None
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