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Title: Aging Industries and Individuals: Retirement Decisions in the Context of Structural Economic Change
Resulting in 1 citation.
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Malone, Sarah Q. |
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Aging Industries and Individuals: Retirement Decisions in the Context of Structural Economic Change Presented: Denver, CO, Population Association of America Meetings, April 1992 Cohort(s): Older Men Publisher: Population Association of America Keyword(s): Collective Bargaining; Industrial Classification; Local Labor Market; Occupations; Retirement/Retirement Planning; Unions Permission to reprint the abstract has not been received from the publisher. Two levels of nationwide longitudinal data, the NLS of Older Men and County Business Patterns, were linked in event history analyses of retirement decisions of male private wage and salary workers 64 and under, 1975-1983. The analyses revealed that declining employment within these older men's 3-digit industries in their local labor market areas increased the hazard of leaving the labor force before the age of 65. Comparison with retirement decisions of a smaller group of NLS men 65 and over showed no effect of declining employment upon the decisions of this group during the same period. Declining employment's effect upon early retirement decisions was mediated by occupation type and union membership: Professional, technical, managerial and service workers with wages set by collective bargaining were most likely to have retirement decisions spurred by declining employment in the industries that employed them. Results support the idea that downsizing corporations have added early retirement inducements onto the relatively good pension plans of unionized and white collar workers. |
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Bibliography Citation
Malone, Sarah Q. "Aging Industries and Individuals: Retirement Decisions in the Context of Structural Economic Change." Presented: Denver, CO, Population Association of America Meetings, April 1992. |