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Bridge Jobs: A Comparison across Cohorts

Author

Listed:
  • Michael D. Giandrea

    () (U.S. Bureau of Labor Statistics)

  • Kevin E. Cahill

    () (Analysis Group, Inc.)

  • Joseph F. Quinn

    () (Boston College)

Abstract

Are today's youngest retirees following in the footsteps of their older peers with respect to gradual retirement? Recent evidence from the Health and Retirement Study (HRS) suggests that most older Americans with full-time career jobs later in life transitioned to another job prior to complete labor force withdrawal. This paper explores the retirement patterns of a younger cohort of individuals from the HRS known as the "War Babies." These survey respondents were born between 1942 and 1947 and were 57 to 62 years of age at the time of their fourth bi-annual HRS interview in 2004. We compare the War Babies to an older cohort of HRS respondents and find that, for the most part, the War Babies have followed the gradual-retirement trends of their slightly older predecessors. Traditional one-time, permanent retirements appear to be fading, a sign that the impact of changes in the retirement income landscape since the 1980s continues to unfold.

Suggested Citation

  • Michael D. Giandrea & Kevin E. Cahill & Joseph F. Quinn, 2007. "Bridge Jobs: A Comparison across Cohorts," Boston College Working Papers in Economics 670, Boston College Department of Economics, revised 22 Dec 2008.
  • Handle: RePEc:boc:bocoec:670
    Note: Previously circulated as "An Update on Bridge Jobs: the HRS War Babies"
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    File URL: http://fmwww.bc.edu/EC-P/wp670.pdf
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    References listed on IDEAS

    as
    1. Ruhm, Christopher J, 1990. "Bridge Jobs and Partial Retirement," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 482-501, October.
    2. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2006. "A Micro-level Analysis of Recent Increases in Labor Force Participation among Older Workers," Working Papers 400, U.S. Bureau of Labor Statistics.
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    Cited by:

    1. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2014. "The Impact of Hours Flexibility on Career Employment, Bridge Jobs, and the Timing of Retirement," Boston College Working Papers in Economics 880, Boston College Department of Economics.
    2. Gorodnichenko, Yuriy & Song, Jae & Stolyarov, Dmitriy, 2013. "Macroeconomic Determinants of Retirement Timing," IZA Discussion Papers 7744, Institute for the Study of Labor (IZA).
    3. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2011. "How Does Occupational Status Impact Bridge Job Prevalence?," Working Papers 447, U.S. Bureau of Labor Statistics.
    4. Macunovich, Diane J., 2009. "Older Men: Pushed into Retirement by the Baby Boomers?," IZA Discussion Papers 4652, Institute for the Study of Labor (IZA).
    5. Macunovich, Diane J., 2009. "Older Women: Pushed into Retirement by the Baby Boomers?," IZA Discussion Papers 4653, Institute for the Study of Labor (IZA).

    More about this item

    Keywords

    Economics of Aging; Partial Retirement; Gradual Retirement;

    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; Non-Labor Market Discrimination
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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