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Title: Structure of Retirement: A Longitudinal Study of Socioeconomic Factors that Influence the Retirement Decisions of Older Males
Resulting in 1 citation.
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Hardy, Melissa A. |
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Structure of Retirement: A Longitudinal Study of Socioeconomic Factors that Influence the Retirement Decisions of Older Males Ph.D. Dissertation, Indiana University, 1980 Cohort(s): Older Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Early Retirement; Health/Health Status/SF-12 Scale; Labor Supply; Retirement/Retirement Planning; Self-Employed Workers; Social Security This research attempts to integrate relevant theoretical perspectives and methodological techniques from economics into a sociological study of retirement behavior. Four waves of the NLS of Older Men are analyzed by means of both cross-sectional and longitudinal designs. The author looks at white males aged 45 to 59 in 1966 and places major emphasis on the influence of structural features that serve to organize the work experience of older men. Retirement is approached in two ways. First, it is approached through labor supply--that is, hours worked per year--which allows maximum flexibility in analytic conception of the retirement process. Second, retirement is approached through several categorization schemes of labor force participation which are devised to capture major choices in work behavior. These models are estimated by binary and multinomial logit analyses. The analytic designs make use of both an age cohort structure and a birth cohort structure. The author argues that the retirement process is more complex than the simple choice of labor force participation or withdrawal. Instead, retirement denotes a kind of occupational status that involves different kinds of costs and rewards for different categories of workers. The attempts of older workers to maximize the benefits and minimize the costs of retirement are limited by the opportunity structures they face. Of the factors considered, health limitations and retirement policies have the strongest negative effects on the work activity of older men. The strongest positive effect is associated with self employment. The over-time patterns of results suggest the importance of more general economic conditions and changes in Social Security legislation for work decisions. |
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Bibliography Citation
Hardy, Melissa A. Structure of Retirement: A Longitudinal Study of Socioeconomic Factors that Influence the Retirement Decisions of Older Males. Ph.D. Dissertation, Indiana University, 1980. |