How Sticky Is Retirement Behavior in the United States?

We thank Katherine Bent, Jason Brown, Lynn Fisher, Ted Horan, Natalie Lu, Linda Martin, John Phillips, and Mark Sarney of the Social Security Administration for making this work possible and providing access to data. We thank Sirisha Anne, Stuart Friedrich, and Yonghong Shang of the Social Security Administration for preparing and explaining the data, and Patrick Purcell for additional explanations. The authors are grateful to the Ronzetti Initiative for the Study of Labor Markets at the Becker-Friedman Institute for financial support. This research was supported by the U.S. Social Security Administration through grants #RDR18000003 and #DRC12000002 to the National Bureau of Economic Research (NBER) as part of the SSA Retirement and Disability Research Consortium. We thank Taha Choukhmane, Julie Cullen, Mariacristina De Nardi, Eric French, Robin Lumsdaine, David Pattison, and John Sabelhaus for helpful comments. The findings and conclusions expressed are solely those of the authors and do not represent the views of the Social Security Administration, any agency of the Federal Government, or the NBER. This research does not necessarily reflect the views or opinions of Wayfair. Jesse Kozler provided excellent research assistance.

A supplemental appendix is available online at https://doi.org/10.1162/rest_a_01151.