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Author: Sandver, Jean Hart
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Sandver, Jean Hart |
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Retired Men's Evaluation of the Timing of their Retirement Ph.D. Dissertation, The Ohio State University, 1985 Cohort(s): Older Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Family Resources; Health Factors; Labor Force Participation; Retirees; Retirement/Retirement Planning The purpose of this research was to determine how retired men evaluate the timing of their retirement. Years after retiring people may reassess their original decision in light of their current economic or health position and decide their initial decision was incorrect. The objective of this study was to determine what characteristics are related to a retiree's change in preference regarding the timing of the decision. To test this change in preference a new model was developed which incorporates the notion that the investment in human capital results in an individual valuing how his time is allocated. The data for this study were the NLS of Older Men. The sample consisted of men who retired between 1967 and 1979 (1460 men). A logit analysis was performed on the data for men who preferred to retire at a later age compared to men who would not have changed the time they retired. The results indicated that the probability of a retiree preferring to have remained in the labor force increased when income was perceived as inadequate and when health was limited at the initial retirement. If the retiree was a homeowner the probability of wanting to remain in the labor force declined. Men whose level of education attained was higher and men who were married when they retired but unmarried in 1981 were also more likely in retrospect to be dissatisfied with the time they retired. This study was able to demonstrate that the probability of retirees preferring they had delayed their retirement increased when health or financial resources were limited. |
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Bibliography Citation
Sandver, Jean Hart. Retired Men's Evaluation of the Timing of their Retirement. Ph.D. Dissertation, The Ohio State University, 1985. |