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Essays on the labor force participat...

The University of North Carolina at Chapel Hill., Economics.

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Essays on the labor force participation of older men.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on the labor force participation of older men./
Author:	Goodstein, Ryan Michael.
Description:	115 p.
Notes:	Adviser: David Blau.
Contained By:	Dissertation Abstracts International69-04A.
Subject:	Economics, Labor. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3304314
ISBN:	9780549533702

Essays on the labor force participation of older men.
Goodstein, Ryan Michael.

Essays on the labor force participation of older men. - 115 p.

Adviser: David Blau.

Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2008.

This work is composed of two self-contained chapters that examine the Labor Force Participation (LFP) behavior of older men in the United States. The first chapter analyzes the effect of wealth on LFP. I use an Instrumental Variables (IV) estimation approach that corrects for measurement error in wealth and unobservable taste variation across individuals. Previous studies that do not control for these factors have found that wealth has very little effect on retirement. My IV results reveal a larger wealth effect than in most previous studies; a

ISBN: 9780549533702Subjects--Topical Terms:

1019135
Economics, Labor.

Essays on the labor force participation of older men.
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020 $a 9780549533702
035 $a (UMI)AAI3304314
035 $a AAI3304314
040 $a UMI $c UMI
100 1 $a Goodstein, Ryan Michael. $3 1065077
245 1 0 $a Essays on the labor force participation of older men.
300 $a 115 p.
500 $a Adviser: David Blau.
500 $a Source: Dissertation Abstracts International, Volume: 69-04, Section: A, page: 1478.
502 $a Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2008.
520 $a This work is composed of two self-contained chapters that examine the Labor Force Participation (LFP) behavior of older men in the United States. The first chapter analyzes the effect of wealth on LFP. I use an Instrumental Variables (IV) estimation approach that corrects for measurement error in wealth and unobservable taste variation across individuals. Previous studies that do not control for these factors have found that wealth has very little effect on retirement. My IV results reveal a larger wealth effect than in most previous studies; a $2 0k increase in wealth reduces the probability of LFP by about 1 percentage point. The instruments are local housing price growth and unanticipated inheritances. I cannot reject the hypothesis that the effects of housing and non-housing wealth on LFP are equal, although the power of my test is low. Thus, my analysis suggests that older men are equally willing to "spend" an increase in housing and non-housing wealth on earlier retirement.
520 $a In the second chapter, my co-author (David Blau) and I examine trends in the Labor Force Participation Rate (LFPR) of older men. After nearly a full century of decline, the LFPR of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We use a time series of cross sections from 1962 to 2005 to model the LFPR of men aged 55-69, with the aim of determining whether changes in the rules governing Social Security benefits can explain these trends. Our results indicate that the decline in the LFPR from the 1960s through the 1980s cannot be explained by the increasing generosity of Social Security during this period. The recent increase in the LFPR of older men can be explained by changes in the composition of the older male population away from high school dropouts and toward college attendees and graduates. Changes in Social Security may have contributed to the recent increase as well, but this result is sensitive to specification.
590 $a School code: 0153.
650 4 $a Economics, Labor. $3 1019135
650 4 $a Gerontology. $3 533633
690 $a 0351
690 $a 0510
710 2 $a The University of North Carolina at Chapel Hill. $b Economics. $3 1022423
773 0 $t Dissertation Abstracts International $g 69-04A.
790 $a 0153
790 1 0 $a Blau, David, $e advisor
790 1 0 $a Gilleskie, Donna $e committee member
790 1 0 $a Guilkey, David $e committee member
790 1 0 $a Mroz, Tom $e committee member
790 1 0 $a Tauchen, Helen $e committee member
791 $a Ph.D.
792 $a 2008
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3304314