The age pattern of retirement: Comparisons of longitudinal, pseudo-cohort, and period measures

Authors

  • Frank T. Denton
  • Ross Finnie
  • Byron G. Spencer

DOI:

https://doi.org/10.25336/P6JS5S

Keywords:

Retirement patterns, longitudinal measures of retirement, pseudo-cohort measures of retirement, age-retirement patterns

Abstract

Retirement patterns change. When that happens, measures based on single-period cross-sectional data may provide a misleading picture of cohort retirement behaviour. We offer two cohort-based measures. One draws on income tax records to follow actual cohorts of individuals over time, the other on a time-series of cross-sectional surveys. We find that the retirement patterns based on the two approaches are similar but differ, often substantially, from single-period patterns. While pseudo-cohort measures can be assessed more quickly and at lower cost, knowledge of differences across income groups, income replacement rates, and so on, must rely on full longitudinal records.

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Published

2013-11-04

Issue

Vol. 40 No. 3-4 (2013): Fall/Winter

Section

Articles

License

Copyright (c) 2019 Frank T. Denton, Ross Finnie, Byron G. Spencer

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