Transitions Out of and Back to Employment Among Older Men and Women in the UK

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Transitions Out of and Back to Employment Among Older Men and Women in the UK

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David Haardt () (McMaster University)

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David Andreas Michael Haardt

Abstract

This paper presents the frst comprehensive analysis of older men and women's labour market transitions in the United Kingdom using data from the British Household Panel Survey (BHPS), 1990-2004. When looking at the empirical hazard rates, I find large peaks in the exit rates out of employment at ages 60 (women) and 65 (both sexes) which occur in the exact birthday month. This points towards strong incentives of pension schemes. Discrete-time hazard regression analysis shows that benefits and health status are the two most important determinants of retirement, with effects that are larger than found in previous studies. When modelling unobserved heterogeneity I find that women are twice as likely as men to be 'movers' between work and non-work.

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Paper provided by Institute for Social and Economic Research in its series ISER working papers with number 2006-20.

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Length: 45
Date of creation: May 2006
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Handle: RePEc:ese:iserwp:2006-20

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Paper
- David Haardt, 2007. "Transitions Out Of and Back To Employment among Older Men and Women in the UK," Social and Economic Dimensions of an Aging Population Research Papers 197, McMaster University. [Downloadable!]

This paper has been announced in the following NEP Reports:

NEP-ALL-2006-07-02 (All new papers)
NEP-LAB-2006-07-02 (Labour Economics)

References listed on IDEAS
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.:

Gillian Paull, 2002. "Biases in the reporting of labour market dynamics," IFS Working Papers W02/10, Institute for Fiscal Studies. [Downloadable!]
Jaap H. Abbring & Gerard J. van den Berg, 2006. "The Unobserved Heterogeneity Distribution in Duration Analysis," Tinbergen Institute Discussion Papers 06-059/3, Tinbergen Institute. [Downloadable!]
Other versions:
- Abbring, Jaap H & van den Berg, Gerard J, 2007. "The Unobserved Heterogeneity Distribution in Duration Analysis," CEPR Discussion Papers 6219, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Jaap H. Abbring & Gerard J. Van Den Berg, 2007. "The unobserved heterogeneity distribution in duration analysis," Biometrika, Oxford University Press for Biometrika Trust, vol. 94(1), pages 87-99. [Downloadable!] (restricted)
Meghir, Costas & Whitehouse, Edward, 1997. "Labour market transitions and retirement of men in the UK," Journal of Econometrics, Elsevier, vol. 79(2), pages 327-354, August. [Downloadable!] (restricted)
Other versions:
- Costas Meghir & Whitehouse, E, 1995. "Labour market transitions and retirement of men in the UK," IFS Working Papers W95/10, Institute for Fiscal Studies.
- Costas Meghir & Edward Whitehouse, 1993. "Labour market transitions and retirement of men in the UK," IFS Working Papers W93/12, Institute for Fiscal Studies.
Blau, David M, 1994. "Labor Force Dynamics of Older Men," Econometrica, Econometric Society, vol. 62(1), pages 117-56, January. [Downloadable!] (restricted)
Flinn, Christopher J & Heckman, James J, 1983. "Are Unemployment and Out of the Labor Force Behaviorally Distinct Labor Force States?," Journal of Labor Economics, University of Chicago Press, vol. 1(1), pages 28-42, January. [Downloadable!] (restricted)
Other versions:
- Christopher J. Flinn & James J. Heckman, 1982. "Are Unemployment and Out of the Labor Force Behaviorally Distinct Labor Force States?," NBER Working Papers 0979, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-47, February. [Downloadable!] (restricted)
Geoffrey H. Kingston, 2000. "Efficient Timing of Retirement," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(4), pages 831-840, October. [Downloadable!] (restricted)
Other versions:
- Geoffrey H. Kingston, 2001. "Technical Appendix to Efficient Timing of Retirement," Technical Appendices kingston00, Review of Economic Dynamics. [Downloadable!]
- Kingston, G.H., 1999. "Efficient Timing of Retirement," Papers 99-03, Sydney - Department of Economics.
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Sarah Smith & James Banks, 2006. "Retirement in the UK," The Centre for Market and Public Organisation 06/140, Department of Economics, University of Bristol, UK. [Downloadable!]
Other versions:
- James Banks & Sarah Smith, 2006. "Retirement in the UK," Oxford Review of Economic Policy, Oxford University Press, vol. 22(1), pages 40-56, Spring.
Arellano, Manuel & Meghir, Costas, 1992. "Female Labour Supply and On-the-Job Search: An Empirical Model Estimated Using Complementary Data Sets," Review of Economic Studies, Blackwell Publishing, vol. 59(3), pages 537-59, July. [Downloadable!] (restricted)
Other versions:
- M Arellano & C Meghir, 1990. "Female Labour Supply and On-the-Job Search: An Empirical Model Estimated using Complementary Data Sets," CEP Discussion Papers 09, Centre for Economic Performance, LSE.
repec:cep:sticas:019 is not listed on IDEAS
Richard Disney & Costas Meghir & Edward Whitehouse, 1994. "Retirement behaviour in Britain," Fiscal Studies, Institute for Fiscal Studies, vol. 15(1), pages 24-43, February.
Peracchi, Franco & Welch, Finis, 1994. "Trends in Labor Force Transitions of Older Men and Women," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 210-42, April. [Downloadable!] (restricted)
Stephen R. G. Jones & W. Craig Riddell, 1999. "The Measurement of Unemployment: An Empirical Approach," Econometrica, Econometric Society, vol. 67(1), pages 147-162, January.
Other versions:
- Jones, S.R.G. & Riddell, W.C., 1993. "The Measurement of Unemployment: An Empirical Approach," UBC Departmental Archives 93-48, UBC Department of Economics.
- Stephen R. G. Jones & W. Craig Riddell, . "The Measurement Of Unemployment: An Empirical Approach," Canadian International Labour Network Working Papers 09, McMaster University. [Downloadable!]

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(explanations, 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.)

repec:ese:iserwp: is not listed on IDEAS
David Haardt, 2007. "Cognitive functioning and labour force participation among older men and women in England," Social and Economic Dimensions of an Aging Population Research Papers 222, McMaster University. [Downloadable!]
David Haardt, 2007. "Older Couples' Labour Market Reactions to Family Disruptions," Social and Economic Dimensions of an Aging Population Research Papers 198, McMaster University. [Downloadable!]

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