Publication type
Research Paper
Series Number
197
Series
SEDAP Research Papers
Author
Publication date
May 28, 2007
Abstract:
This paper presents the frst comprehensive analysis of older men and women's labour market transitions in the United Kingdom using data from the British Household Panel Survey (BHPS), 1990-2004. When looking at the empirical hazard rates, I find large peaks in the exit rates out of employment at ages 60 (women) and 65 (both sexes) which occur in the exact birthday month. This points towards strong incentives of pension schemes. Discrete-time hazard regression analysis shows that benefits and health status are the two most important determinants of retirement, with effects that are larger than found in previous studies. When modelling unobserved heterogeneity I find that women are twice as likely as men to be 'movers' between work and non-work.
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