NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Joseph F. Quinn

Boston College

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Institutional Affiliation: Boston College

NBER Working Papers and Publications

September 2018Transitions From Career Employment Among Public- and Private-Sector Workers
with Kevin E. Cahill, Michael D. Giandrea: w25003
Do the retirement patterns of public-sector workers differ from those in the private sector? Most private-sector workers today face a do-it-yourself retirement income landscape characterized by an exposure to market forces through defined-contribution pension plans and private saving, and the risk of financial insecurity later in life. Public-sector workers, in contrast, are typically covered by defined-benefit pension plans that both encourage retirement at relatively young ages and offer financial security at older ages. As a result, the consequences of private- and public-sector workers’ retirement decisions could differ in important ways. For workers generally, and for private-sector workers in particular, a focus among researchers and policymakers has been the importance of continued ...

Published: Joseph F. Quinn & Kevin E. Cahill & Michael D. Giandrea, 2019. "Transitions from career employment among public- and private-sector workers," Journal of Pension Economics and Finance, vol 18(04), pages 529-548.

August 2018Transitions from Career Employment among Public- and Private-Sector Workers
with Kevin E. Cahill, Michael D. Giandrea
in Incentives and Limitations of Employment Policies on Retirement Transitions, Robert L. Clark and Joseph P. Newhouse, organizers
Do the retirement patterns of public-sector workers differ from those in the private sector? The latter typically face a retirement landscape with exposure to market uncertainties through defined-contribution pension plans and private saving. Public-sector workers, in contrast, are often covered by defined-benefit pension plans that encourage retirement at relatively young ages and offer financial security at older ages. We examine how private- and public-sector workers transition from full-time career employment, with a focus on the importance of gradual retirement. To our surprise, we find that the prevalence of continued work after career employment, predominantly on bridge jobs with new employers, is very similar in the two sectors, a result with important implications in a rapidly agi...
1983The Effect of Pension Plans on the Pattern of Life Cycle Compensation
with Richard V. Burkhauser
in The Measurement of Labor Cost, Jack E. Triplett, editor
 
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