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Title: Unemployment as a Factor in Early Retirement Decisions
Resulting in 1 citation.
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Bould, Sally |
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Unemployment as a Factor in Early Retirement Decisions American Journal of Economics and Sociology 39,2 (April 1980): 123-136. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1536-7150.1980.tb01622.x/abstract Cohort(s): Older Men Publisher: American Journal of Economics and Sociology, Inc. Keyword(s): Assets; Family Resources; Health/Health Status/SF-12 Scale; Marital Status; Pensions; Retirees; Retirement/Retirement Planning; Rural/Urban Migration; Social Security; Unemployment; Work History A study tested whether older male workers between the ages of 52-64 tend to retire early due to discouragement over unemployment. A sample of data on American males in these age groups was subjected to regression analysis for the year 1973. An earlier survey was done to isolate those planning to retire early in 1973. Over half of the white early retirees and over two-thirds of black early retirees had not expected early retirement by 1973. Both black and white early retirees that had not anticipated early retirement had greater experience of previous unemployment than did those who planned to retire by 1973.Early retirement for both racial groups is significantly related to the weeks of previous unemployment, even when controlled for social security and pension eligibility, assets, health limits, occupation, urban residence, family status, and changes in the unemployment rate. Early retirement for older workers may help them save face from the stigma of unemployment. Public policy should take into consideration the role of unemployment in early retirement. (ABI/Inform) |
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Bibliography Citation
Bould, Sally. "Unemployment as a Factor in Early Retirement Decisions." American Journal of Economics and Sociology 39,2 (April 1980): 123-136.
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