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8/8/2006: The Role of Conventional Retirement Age in Retirement Decisions (PDF) (University of Michigan Retirement Research Center [MRRC])

24 pages. Excerpt: Following Wave I HRS respondents for six waves (12 years) so that their actual retirement can be observed shows that the actual retirement hazard is substantially higher at (and around) the age that workers identified in Wave I as the 'usual' retirement age for workers like them. This is true even when we control for actual age at each wave, and for baseline values of earnings, wealth, health, and marital status.

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