Retirement patterns from career employment

被引:158
作者
Cahill, Kevin E.
Giandrea, Michael D.
Quinn, Joseph F.
机构
[1] Anal Grp Inc, Boston, MA 02199 USA
[2] US Bur Labor Stat, Off Prod & Technol, Washington, DC 20212 USA
[3] Boston Coll, Dept Econ, Chestnut Hill, MA 02167 USA
关键词
economics of aging; partial retirement; gradual retirement; older workers; retirement income;
D O I
10.1093/geront/46.4.514
中图分类号
R4 [临床医学]; R592 [老年病学];
学科分类号
1002 ; 100203 ; 100602 ;
摘要
Purpose: This article investigates how older Americans leave their career jobs and estimates the extent of intermediate labor force activity (bridge jobs) between full-time work on a career job and complete labor-force withdrawal. Design and Methods: Using data from the Health and Retirement Study, we explored the work histories and retirement patterns of a cohort of retirees aged 51 to 61 in 1992 during a 10-year period in both cross-sectional and longitudinal contexts. We examined determinants of retirement patterns in a multinomial logistic regression model. Results: We found that a majority of older Americans with career jobs retire gradually, in stages, rather than all at once. We also found that the utilization of bridge jobs was more common among younger respondents, respondents without defined-benefit pension plans, and respondents at both the lower and upper ends of the wage distribution. Implications: Older Americans are now working longer than pre-1980s trends would have predicted. Given concerns about the traditional sources of retirement income (Social Security, employer pensions, and prior savings), older Americans may have to rely more on earnings. This article suggests that many are already doing so by moving to bridge jobs after leaving their career employment.
引用
收藏
页码:514 / 523
页数:10
相关论文
共 22 条
[1]   Trends in male labor force participation and retirement: Some evidence on the role of pensions and social security in the 1970s and 1980s [J].
Anderson, PM ;
Gustman, AL ;
Steinmeier, TL .
JOURNAL OF LABOR ECONOMICS, 1999, 17 (04) :757-783
[2]  
[Anonymous], N AM ACTUARIAL J
[3]   A TIME-SERIES ANALYSIS OF SELF-EMPLOYMENT IN THE UNITED-STATES [J].
BLAU, DM .
JOURNAL OF POLITICAL ECONOMY, 1987, 95 (03) :445-467
[4]   Retiree health insurance and the labor force behavior of older men in the 1990s [J].
Blau, DM ;
Gilleskie, DB .
REVIEW OF ECONOMICS AND STATISTICS, 2001, 83 (01) :64-80
[5]  
BURTLESS G, 2002, 11 CTR RET RES BOST
[6]   Health and labor force participation of older men, 1900-1991 [J].
Costa, DL .
JOURNAL OF ECONOMIC HISTORY, 1996, 56 (01) :62-89
[7]  
GRUBER J, 1995, AM ECON REV, V85, P938
[8]   Retirement in dual-career families: A structural model [J].
Gustman, AL ;
Steinmeier, TL .
JOURNAL OF LABOR ECONOMICS, 2000, 18 (03) :503-545
[9]   Clocking out: Temporal patterning of retirement [J].
Han, SK ;
Moen, P .
AMERICAN JOURNAL OF SOCIOLOGY, 1999, 105 (01) :191-236
[10]  
IRELAN LM, 1988, SOC SECUR BULL, V51, P32