Sylvester Schieber

Towers Watson
901 North Glebe Road
Arlington, VA 22203
Tel: 703/258-8000
Fax: 703/258-8585

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Former Chairman, Social Security Advisory Board

NBER Working Papers and Publications

December 2011Does Retiree Health Insurance Encourage Early Retirement?
with Steven Nyce, John B. Shoven, Sita Slavov, David A. Wise: w17703
The strong link between health insurance and employment in the United States may cause workers to delay retirement until they become eligible for Medicare at age 65. However, some employers extend health insurance benefits to their retirees, and individuals who are eligible for such retiree health benefits need not wait until age 65 to retire with group health coverage. We investigate the impact of retiree health insurance on early retirement using employee-level data from 64 diverse firms that are clients of Towers Watson, a leading benefits consulting firm. We find that retiree health coverage has its strongest effects at ages 62 and 63, resulting in a 3.7 percentage point (21.2 percent) increase in the probability of turnover at age 62 and a 5.1 percentage point (32.2 percent) increa...

Published: Nyce, Steven & Schieber, Sylvester J. & Shoven, John B. & Slavov, Sita Nataraj & Wise, David A., 2013. "Does retiree health insurance encourage early retirement?," Journal of Public Economics, Elsevier, vol. 104(C), pages 40-51. citation courtesy of

November 2010Aging Populations, Pension Operations, Potential Economic Disappointment and Its Allocation
in Demography and the Economy, John B. Shoven, editor
January 2001The Personal Security Account 2000 Plan, Market Outcomes, and Risk
with John B. Shoven
in Themes in the Economics of Aging, David A. Wise, editor
January 2000Administering a Cost-Effective National Program of Personal Security Accounts
with John B. Shoven
in Administrative Aspects of Investment-Based Social Security Reform, John B. Shoven, editor

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