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The Relationship Between Job Characteristics and Retirement

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Author Info
Michael Hurd
Kathleen McGarry

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Abstract

We study the influence of job characteristics on prospective retirement as measured by the probability of working past age 62 or 65. The characteristics fall into three broad classes: physical and mental requirements, job flexibility including employer accomodation to older workers, and financial aspects such as pensions and health care insurance. Using data from the Health and Retirement Survey, we find that physical and mental job requirements have a rather small influence on prospective retirement, whereas measures of job flexibility and financial aspects of the job are important determinants.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4558.

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Date of creation: Dec 1993
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Handle: RePEc:nbr:nberwo:4558

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Find related papers by JEL classification:
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped

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.:

  1. Michael D. Hurd, 1990. "The Joint Retirement Decision of Husbands and Wives," NBER Chapters, in: Issues in the Economics of Aging, pages 231-258 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:
  2. Gustman, Alan L & Steinmeier, Thomas L, 1986. "A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 509-13, August. [Downloadable!] (restricted)
  3. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial Retirement and the Analysis of Retirement Behavior," NBER Working Papers 0763, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Michael D. Hurd, 1993. "The Effect of Labor Market Rigidities on the Labor Force Behavior of Older Workers," NBER Working Papers 4462, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Brown, Charles, 1980. "Equalizing Differences in the Labor Market," The Quarterly Journal of Economics, MIT Press, vol. 94(1), pages 113-34, February. [Downloadable!] (restricted)
  6. John Rust, 1989. "Behavior of male workers at the end of the life-cycle: an empirical analysis of states and controls," Discussion Paper / Institute for Empirical Macroeconomics 6, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  7. Olivia S. Mitchell, 1983. "Fringe benefits and the cost of changing jobs," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 37(1), pages 70-78, October.
  8. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial retirement and the analysis of retirement behavior," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 37(3), pages 403-415, April.
  9. Ruhm, Christopher J, 1990. "Bridge Jobs and Partial Retirement," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 482-501, October. [Downloadable!] (restricted)
  10. Filer, Randall K & Petri, Peter A, 1988. "A Job-Characteristics Theory of Retirement," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 123-29, February. [Downloadable!] (restricted)
Full references

Cited by:
(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.)

  1. Chulhee Lee, 2008. "Labor-Force Participation of Older Males in Korea: 1955-2005," NBER Chapters, in: The Economic Consequences of Demographic Change in East Asia, NBER-EASE Volume 19 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:
  2. Steven Haider & David Loughran, 2001. "Elderly Labor Supply: Work or Play?," Working Papers 01-09, RAND Corporation Publications Department. [Downloadable!]
    Other versions:
  3. Chulhee Lee, 2009. "Technological Changes and Employment of Older Manufacturing Workers in Early Twentieth Century America," NBER Working Papers 14746, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Leora Friedberg, 1999. "The Impact of Technological Change on Older Workers: Evidence from Data on Computers," University of California at San Diego, Economics Working Paper Series 99-11, Department of Economics, UC San Diego. [Downloadable!]
  5. Randall K. Filer & Marjorie Honig, 2005. "Endogenous Pensions and Retirement Behavior," Hunter College Department of Economics Working Papers 410, Hunter College: Department of Economics. [Downloadable!]
    Other versions:
  6. Golo Henseke & Thusnelda Tivig, 2008. "Age, Occupations, and Opportunities for Older Workers in Germany," Thuenen-Series of Applied Economic Theory 86, University of Rostock, Institute of Economics, Germany. [Downloadable!]
  7. Leora Friedberg, 2001. "The Impact of Technological Change on Older Workers: Evidence from Data on Computer Use," NBER Working Papers 8297, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Leora Friedberg, 1999. "The Impact of Technological Change on Older Workers: Evidence from Data on Computers," University of California at San Diego, Economics Working Paper Series 1999-11, Department of Economics, UC San Diego. [Downloadable!]
  9. Alan L. Gustman & F. Thomas Juster, 1995. "Income and Wealth of Older American Households: Modeling Issues for Public Policy Analysis," NBER Working Papers 4996, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Hakola, Tuulia, 2002. "Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review," Working Paper Series 2003:4, Uppsala University, Department of Economics. [Downloadable!]
  11. Steven J. Haider & David S. Loughran, 2003. "How Important Are Wages to the Elderly? Evidence from the New Beneficiary Data System and the Social Security Earnings Test," Working Papers wp049, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  12. James Marton & Stephen A. Woodbury, 2006. "Retiree Health Benefits and Retirement," Staff Working Papers 06-128, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
  13. Karen Kopecky, 2005. "The Trend in Retirement," Economie d'Avant Garde Research Reports 12, Economie d'Avant Garde. [Downloadable!]
    Other versions:
  14. Hugo Benitez-Silva, 2000. "Micro Determinants of Labor Force Status Among Older Americans," Department of Economics Working Papers 00-07, Stony Brook University, Department of Economics. [Downloadable!]
  15. Stephen A. Woodbury & James Marton, 2006. "Retiree Health Benefit Coverage and Retirement," Economics Working Paper Archive wp_470, Levy Economics Institute, The. [Downloadable!]
  16. Brahima Coulibaly, 2006. "Changes in job quality and trends in labor hours," International Finance Discussion Papers 882, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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