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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, 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.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Angelo Lorenti & Christian Dudel & Mikko Myrskylä, 2019. "The Legacy of the Great Recession in Italy: A Wider Geographical, Gender, and Generational Gap in Working Life Expectancy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 283-303, February.
    2. Abraham, Katharine G. & Hershbein, Brad & Houseman, Susan N., 2021. "Contract work at older ages," Journal of Pension Economics and Finance, Cambridge University Press, vol. 20(3), pages 426-447, July.
    3. 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," Economic Working Papers 472, Bureau of Labor Statistics.
    4. Derek Messacar & Petr Kocourek, 2019. "Pathways to Retirement, Well-Being, and Mandatory Retirement Rules: Evidence from Canadian Reforms," Journal of Labor Research, Springer, vol. 40(3), pages 249-275, September.
    5. Macunovich, Diane J., 2009. "Older Men: Pushed into Retirement by the Baby Boomers?," IZA Discussion Papers 4652, Institute of Labor Economics (IZA).
    6. Gorodnichenko, Yuriy & Song, Jae & Stolyarov, Dmitriy, 2013. "Macroeconomic Determinants of Retirement Timing," IZA Discussion Papers 7744, Institute of Labor Economics (IZA).
    7. Fang, Tony & Messacar, Derek, 2019. "Voluntary Job Separations and Traditional versus Flexible Workplace Saving Plans: Evidence from Canada," IZA Discussion Papers 12262, Institute of Labor Economics (IZA).
    8. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2012. "The Relationship between Work Decisions and Location Later in Life," Working Papers 458, U.S. Bureau of Labor Statistics.
    9. 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.
    10. Macunovich, Diane J., 2009. "Older Women: Pushed into Retirement by the Baby Boomers?," IZA Discussion Papers 4653, Institute of Labor Economics (IZA).
    11. Mariska van der Horst & David Lain & Sarah Vickerstaff & Charlotte Clark & Ben Baumberg Geiger, 2017. "Gender Roles and Employment Pathways of Older Women and Men in England," SAGE Open, , vol. 7(4), pages 21582440177, November.
    12. Lorenti, Angelo & Dudel, Christian & Myrskylä, Mikko, 2018. "The legacy of the great recession in Italy: a wider geographical, gender, and generational gap in working life expectancy," LSE Research Online Documents on Economics 88302, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Economics of Aging; Partial Retirement; Gradual Retirement;
    All these keywords.

    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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