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Title: Job Characteristics and Health Status Effects on Retirement Behavior
Resulting in 1 citation.
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Chirikos, Thomas N. Nestel, Gilbert |
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Job Characteristics and Health Status Effects on Retirement Behavior Workign Paper, Department of Preventive Medicine, The Ohio State University, Columbus, 1986 Cohort(s): Older Men Publisher: Author Keyword(s): Health/Health Status/SF-12 Scale; Labor Force Participation; Markov chain / Markov model; Occupations; Retirement/Retirement Planning Permission to reprint the abstract has not been received from the publisher. This report investigates whether job characteristics are significant determinants of the labor force attachment of older workers and whether these characteristics have an even more pronounced effect on work activity when they interact with poor health. A continuous time-Markov model of interrelated work and functional status profiles is used as the general framework for the research. The model includes several different measures of job characteristics, an intertemporal index of physical and mental capacities, and control variables characterizing the financial incentives and sociodemographic status of these workers. The parameters of the model are estimated with panel data covering the 17-year period (1966-1983) of the Older Men's cohort. The statistical findings present a mixed picture of the importance of occupational factors on labor market attachment. Some effects of occupation or occupation-related factors such as job conditions, on the functional histories of older men are detected. These effects, in turn, generally translate into the reduced likelihood of continuing attachments to market work; consequently, they are of some interest to policy-makers dealing with the rapid historical decline in the labor force participation rates of men over 45 years of age. On the other hand, the net influence of job factors is generally very small relative to other determinants of retirement, and their measured effects are not always consistent. Thus, they do not appear to offer policy-makers much leverage in dealing with declining trends in male participation rates. |
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Bibliography Citation
Chirikos, Thomas N. and Gilbert Nestel. "Job Characteristics and Health Status Effects on Retirement Behavior." Workign Paper, Department of Preventive Medicine, The Ohio State University, Columbus, 1986. |