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Title: Race Differences in Retirement Life Cycle Experiences and Labor Force Participation Rates
Resulting in 1 citation.
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Hayward, Mark D. Chen, Hsinmu Friedman, Samantha |
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Race Differences in Retirement Life Cycle Experiences and Labor Force Participation Rates Presented: Cincinnati, OH, Population Association of America Meetings, April 1993 Cohort(s): Older Men Publisher: Population Association of America Keyword(s): Dual Economic Theory; Labor Force Participation; Life Cycle Research; Markov chain / Markov model; Modeling, Hazard/Event History/Survival/Duration; Mortality; Racial Differences; Retirement/Retirement Planning; Statistical Analysis; Transition Rates, Activity to Work Permission to reprint the abstract has not been received from the publisher. A Markov-based, multistate life-table model is used to examine how race differences in older men's labor force participation rates (LFPRs) are influenced by differences in labor force status transition rates, mortality, and population composition. Key missing information in the scientific literature is how the retirement life cycle experiences of blacks and whites determine race differences in LFPRs. In light of these results, the utility of labor force participation rates to assess race differences in retirement behavior is evaluated. Transition rates are derived from multivariate hazards models based on data from the National Longitudinal Survey of Older Men. Race-specific multistate working life tables are estimated, showing the relationship between LFPRs and retirement life cycle experiences for a life table population. Simulations are used to examine changes in LFPRs and retirement life cycle experiences for a given race group produced by substituting transition rates from the other race group. |
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Bibliography Citation
Hayward, Mark D., Hsinmu Chen and Samantha Friedman. "Race Differences in Retirement Life Cycle Experiences and Labor Force Participation Rates." Presented: Cincinnati, OH, Population Association of America Meetings, April 1993. |