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Title: The Retirement Circumstances of Very Early Retirees: A Life Cycle Perspective
Resulting in 1 citation.
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Kingson, Eric R. |
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The Retirement Circumstances of Very Early Retirees: A Life Cycle Perspective Aging and Work 4,3 (Summer 1981): 161-174 Cohort(s): Older Men Publisher: National Council on the Aging Keyword(s): Control; Duncan Index; Early Retirement; Educational Attainment; Household Income; Job Tenure; Life Cycle Research; Retirees; Retirement/Retirement Planning Permission to reprint the abstract has not been received from the publisher. A life cycle perspective is applied to an analysis of retirement incomes and control over labor force exit experienced by men who left work before age 62--very early retirees (VERs). Findings suggest events occurring early in a worker's life, and often beyond his control, influence retirement incomes and control over labor force withdrawal. They are consistent with an interpretation that institutional arrangements in society usually lead to differential opportunity tracks, resulting in some VERs experiencing favorable educational and labor force entry opportunities that later translate into higher probabilities of advantageous very early retirement circumstances, while others experience the opposite. Some major policy implications are: (1) preventive measures designed to deal with problems of disadvantaged very early retirees should intervene early in a worker's life; (2) significant solutions to these problems require major adjustments in society's opportunity structure; and (3) it is socially inequitable to reduce Social Security benefits for disadvantaged early retirees. In addition, the life cycle perspective may be useful to understand other aspects of the retirement process. |
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Bibliography Citation
Kingson, Eric R. "The Retirement Circumstances of Very Early Retirees: A Life Cycle Perspective." Aging and Work 4,3 (Summer 1981): 161-174.
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