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We develop a rich model to study the complex interrelationship between health insurance and retirement decisions. The … decision to retire depends on a number of factors including availability of health insurance, health shocks, pensions, Social … Security, and how consumption and health interact in the utility function. We incorporate these features in a computational …
Persistent link: https://www.econbiz.de/10013061196
the Health and Retirement Study to examine how mental health is linked to transitions to early retirement or other …This paper extends earlier health and work studies by examining how mental health affects transitions out of paid work … in the years prior to the traditional Social Security retirement ages. Given recent changes in the labor market, optimal …
Persistent link: https://www.econbiz.de/10014220460
search behavior of households. The research finds that, even though a direct transition from a career job to full retirement … 7% of them looked for a post-career employment opportunity. Low health or bad business conditions were the not the main … reason for leaving the career job. Yet, for the minority of those who did leave career jobs owing to low health or bad …
Persistent link: https://www.econbiz.de/10011980313
We designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons' willingness to voluntarily defer claiming of Social Security benefits. In addition we evaluate the stated willingness of older individuals to work longer, depending on the Social Security...
Persistent link: https://www.econbiz.de/10012854877
We study the effects of the size of older cohorts on labor force participation (LFP) and wages of older workers. In the standard relative supply framework usually applied to relative cohort size, we would expect larger older cohorts to experience lower wages and hence lower employment or LFP....
Persistent link: https://www.econbiz.de/10012892389
Understanding how health decline influences retirement decisions is fundamental for the design of targeted policies … labor supply and retirement decisions, the process of how health deterioration affects labor supply remains a black box … that encourage working longer. While there is wide agreement on the relevance of age-related health decline for determining …
Persistent link: https://www.econbiz.de/10012859164
' resources and the demands of their jobs, restricting future work. We use longitudinal data from the Health and Retirement Study … demands and workers' resources in two physical and two cognitive domains affect retirement outcomes. We estimate how changes …) subjective reports of work-limiting health problems; 2) mental health; and 3) subjective probabilities of working past age 65. We …
Persistent link: https://www.econbiz.de/10012927958
older than age 50 in the Health and Retirement Study (HRS), and characteristics of different occupations provided by the …, responsibility, difficulty, stress, peer pressure, and relations with co-workers are related to full or partial retirement. We study … employment transitions and retirement expectations of older workers by exploiting the wealth of information about individuals …
Persistent link: https://www.econbiz.de/10013003008
the same time, retirement itself is transforming from a simple transition from full-time work to full and permanent … retirement to more of a process, potentially occurring in several stages over a number of years. We consider a set of work … retirement. Among workers who transition between occupations, the most common transitions are between those that are closely …
Persistent link: https://www.econbiz.de/10012965065
categories and work characteristics in the Health and Retirement Study (HRS) linked to information in the Occupational … that influence retirement timing. A range of sociodemographic and economic characteristics have been shown to predict both … earlier and later retirement. Less is known about the role of occupations and their characteristics on the work choices of …
Persistent link: https://www.econbiz.de/10012998073