The Effects of Workforce-Shaping Tools on Retirement: The Case of the Department of Defense Civil Service
Provides an example of a study of the public health labor market and how wages and benefits affect workforce outcomes, including recruiting, retention, and retirement for the Department of Defense civil service workforce. The authors analyze the financial incentives to retire that are specifically embedded in the retirement system and how different workforce-shaping policies would affect these incentives. They find that buyouts, retention incentives, and other workforce-shaping tools have a sizable effect on predicted retirement behavior.