Skip navigation
Please use this identifier to cite or link to this item:
Title: How Did the Elimination of Mandatory Retirement Affect Faculty Retirement?
Authors: Card, David
Ashenfelter, Orley
Keywords: mandatory retirement
four year colleges
Issue Date: 1-Oct-2000
Citation: The American Economic Review, Vol. 92, No. 4, September, 2002
Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 448
Abstract: We use information on retirement flows over the 1986-96 period for older faculty at a large sample of four year colleges and universities to measure the effect of the elimination of mandatory retirement. Comparisons of retirement rates before and after 1994, when most institutions were forced to stop mandatory retirement, suggest that the abolition of compulsory retirement led to a dramatic drop in retirement rates at ages 70 and 7 1. Comparisons of retirement rates in the early 1990s between schools that were still enforcing mandatory retirement, and those that were forced to stop by state laws, lead to the same conclusion. In the era of mandatory retirement, fewer than 10 percent of 70-year-old faculty were still teaching two years later. After the elimination of mandatory retirement this fraction has risen to 50 percent. Our findings suggest that most U.S. colleges and universities will experience a significant rise in the fraction of older faculty in the coming years.
Related resource:
Appears in Collections:IRS Working Papers

Files in This Item:
File Description SizeFormat 
448.pdf3.47 MBAdobe PDFView/Download

Items in Dataspace are protected by copyright, with all rights reserved, unless otherwise indicated.