Does Working Longer Make People Healthier and Happier
AbstractFinancing retirement is one of the major challenges facing an aging U.S. population. If individuals continue to retire in their early 60s, many will be hard pressed to maintain an adequate standard of living throughout retirement due to the declining role of Social Security, the shift to 401(k) plans, and low personal saving rates. Combine the retirement income crunch with the dramatic increase in life expectancy, and continued employment in later life appears to be an attractive option. While it is clear that working longer would benefit older Americans financially, less attention has focused on the non-monetary effects of work at older ages. This brief addresses the impact of late-life paid work on physical and psychological well-being. The first section reviews the literature on work at older ages and elderly well-being. The second section describes the analysis. The third and fourth sections present the results. The fifth section identifies vulnerable groups. A final section offers concluding thoughts...
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Bibliographic InfoPaper provided by Center for Retirement Research in its series Work Opportunity Briefs with number wob_2.
Length: 14 pages
Date of creation: Feb 2006
Date of revision:
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More information through EDIRC
retirement; health; depressive symptoms; mortality; well-being;
Other versions of this item:
- Calvo, Esteban, 2006. "Does Working Longer Make People Healthier and Happier?," MPRA Paper 5606, University Library of Munich, Germany.
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- I10 - Health, Education, and Welfare - - Health - - - General
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kelly M. Everard & Helen W. Lach & Edwin B. Fisher & M. Carolyn Baum, 2000. "Relationship of Activity and Social Support to the Functional Health of Older Adults," Journals of Gerontology: Series B, Gerontological Society of America, vol. 55(4), pages S208-S212.
- Karl Kosloski & David Ekerdt & Stanley DeViney, 2001. "The Role of Job-Related Rewards in Retirement Planning," Journals of Gerontology: Series B, Gerontological Society of America, vol. 56(3), pages P160-P169.
- Esteban Calvo & Kelly Haverstick & Steven A. Sass, 2007.
"What Makes Retirees Happier: A Gradual or 'Cold Turkey' Retirement?,"
Working Papers, Center for Retirement Research at Boston College
wp2007-18, Center for Retirement Research, revised Oct 2007.
- Calvo, Esteban & Haverstick, Kelly & Sass, Steven, 2007. "What Makes Retirees Happier: A Gradual or 'Cold Turkey' Retirement?," MPRA Paper 5607, University Library of Munich, Germany.
- Alicia H. Munnell & Steven A. Sass, 2007. "The Labor Supply of Older Americans," Working Papers, Center for Retirement Research at Boston College wp2007-12, Center for Retirement Research, revised Jun 2007.
- Barbara A. Butrica & Karen E. Smith & C. Eugene Steuerle, 2006. "Working for a Good Retirement," Economics Working Paper Archive wp_463, Levy Economics Institute, The.
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