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The Relationship Between Job Characteristics and Retirement

  • Michael Hurd
  • Kathleen McGarry

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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File URL: http://www.nber.org/papers/w4558.pdf
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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
Note: AG
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  1. Brown, Charles, 1980. "Equalizing Differences in the Labor Market," The Quarterly Journal of Economics, MIT Press, vol. 94(1), pages 113-34, February.
  2. Alan L. Gustman & Thomas L. Steinmeier, 1985. "A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health," NBER Working Papers 1585, National Bureau of Economic Research, Inc.
  3. 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.
  4. Michael D. Hurd, 1988. "The Joint Retirement Decision of Husbands and Wives," NBER Working Papers 2803, National Bureau of Economic Research, Inc.
  5. Mark Hayward & William Grady & Melissa Hardy & David Sommers, 1989. "Occupational influences on retirement, disability, and death," Demography, Springer, vol. 26(3), pages 393-409, August.
  6. Joseph F. Quinn & Richard V. Burkhauser & Daniel A. Myers, 1990. "Passing the Torch: The Influence of Economic Incentives on Work and Retirement," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number pt, June.
  7. 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.
  8. Ruhm, Christopher J, 1990. "Bridge Jobs and Partial Retirement," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 482-501, October.
  9. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial retirement and the analysis of retirement behavior," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 37(3), pages 403-415, April.
  10. Alan L. Gustman & Thomas L. Steinmeier, 1982. "Partial Retirement and Wage Profiles of Older Workers," NBER Working Papers 1000, National Bureau of Economic Research, Inc.
  11. 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.
  12. Olivia S. Mitchell, 1983. "Fringe benefits and the cost of changing jobs," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 37(1), pages 70-78, October.
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