We analyse pension reforms for police officers in England and Wales using force-level data. We quantify the impact on overall police pension plan liabilities, examining incidence across police officers, national and local taxpayers. We also examine reforms of retirement rules, especially concerning early retirement on grounds of ill-health. Differences in ill-health retirement across forces are...

We examine ill-health retirement of police officers in England and Wales between 2002-3 and 200910. Differences in ill-health retirement rates across forces are statistically related to area-specific stresses of policing and force-specific differences in human resources policies. Reforms to police pension plans – in particular a shift in the incidence of financing ill-health retirement from cen...

We construct demographic models of retirement and death in office of U.S. Supreme Court justices, a group that has gained demographic notice, evaded demographic analysis, and is said to diverge from expected retirement patterns. Models build on prior multistate labor force status studies, and data permit an unusually clear distinction between voluntary and "induced" retirement. Using data on ev...

This article uses household wealth and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those approaching retirement age as the recession began, a potentially vulnerable population. The retirement wealth of people aged 53-58 in 2006 declined by a relatively modest 2.8 percent by 2010. Relative ...

How Sensitive Are Retirement Decisions to Financial Incentives: A Stated Preference Analysis We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A structural model is estimated in which utility is the discounte...

ington retirement study. Unpublished papers, available from Dr R.C. Taylor). Between 1964 and 1966 Dr John Martin conducted a comprehensive investigation of retirement among workers at the Pilkington Glass Factory in St Helens. He grouped sample members (n = 684) according to skill level and the length of time expected to elapse before retirement, and in the case of those who had already retire...

OBJECTIVES This study's focus on the retiree identity complements research on institutionalized retirement criteria. We test whether tensions between individuals' own life circumstances and institutionalized retirement criteria manifest themselves in the extent to which individuals assume a retiree identity and in the overlap between self-definitions and attainment of institutionalized retireme...

Although private pension plans are thought of primarily as a source of cash income for the elderly, they typically serve other functions as well . For example, they usually contain early retirement features and often provide pensions to workers who lose their jobs because of disability . The high proportion of pension plans with disability retirement features is dramatized in data from the Bure...

Retirement and Consumption in a Life Cycle Model Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data from the Health and Retirement Study. The median chan...

Apriority area for the public health workforce research agenda is the study of the public health labor market and how wages and benefits affect workforce outcomes, including recruiting, retention, and retirement. This study provides an example of such a study for the Department of Defense civil service workforce. We analyze the financial incentives to retire that are specifically embedded in th...