Bridge Jobs: A Comparison across Cohorts
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.
|Date of creation:||30 May 2007|
|Date of revision:||22 Dec 2008|
|Note:||Previously circulated as "An Update on Bridge Jobs: the HRS War Babies"|
|Contact details of provider:|| Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA|
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- Ruhm, Christopher J, 1990. "Bridge Jobs and Partial Retirement," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 482-501, October.
- Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2006.
"A Micro-level Analysis of Recent Increases in Labor Force Participation among Older Workers,"
400, U.S. Bureau of Labor Statistics.
- Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2008. "A Micro-Level Analysis of Recent Increases in Labor Force Participation Among Older Workers," Working Papers, Center for Retirement Research at Boston College wp2008-8, Center for Retirement Research, revised Feb 2008.