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Title: Retirement Savings among U.S. Older Adult Male Workers by Paid Sick Leave, Flexible Work, and Vacation Benefit Status
Resulting in 1 citation.
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Stoddard-Dare, Patricia DeRigne, LeaAnne Collins, Cyleste Quinn, Linda |
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Retirement Savings among U.S. Older Adult Male Workers by Paid Sick Leave, Flexible Work, and Vacation Benefit Status Community, Work and Family published online (21 October 2019): DOI: 10.1080/13668803.2019.1677557. Also: https://www.tandfonline.com/doi/full/10.1080/13668803.2019.1677557 Cohort(s): NLSY79 Publisher: Carfax Publishing Company ==> Taylor & Francis Keyword(s): Benefits, Fringe; Male Sample; Retirement/Retirement Planning; Savings; Work Hours/Schedule Permission to reprint the abstract has not been received from the publisher. Using a nationally representative sample from the 2012 National Longitudinal Survey of Youth, this study evaluates the retirement savings of 994 older male US workers (ages 47-55) by their access to flextime, paid sick leave and vacation time. After controlling for 12 demographic, education, household, and work-related variables, when measured dichotomously, multiple regression findings indicated workers with flexible work time enjoyed a 24.8% increase in retirement savings compared to those who did not have flexible work time, and workers with paid sick leave had retirement savings 29.6% higher than those workers who lacked paid sick leave benefits. Further, when paid sick leave and vacation time were measured ordinally, workers with six to 10 paid sick leave days and workers with more than 10 paid sick days annually had a statistically significantly higher (30.1% and 40.7%, respectively) amount in their retirement savings. Statistically significant decreases in retirement savings were observed for workers with 1-5 vacation days annually. These robust findings suggest the provision of flextime and paid sick leave benefits may affect retirement savings among older adult male workers. Implications for policy are set forth. |
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Bibliography Citation
Stoddard-Dare, Patricia, LeaAnne DeRigne, Cyleste Collins and Linda Quinn. "Retirement Savings among U.S. Older Adult Male Workers by Paid Sick Leave, Flexible Work, and Vacation Benefit Status." Community, Work and Family published online (21 October 2019): DOI: 10.1080/13668803.2019.1677557.
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