The Effect of Labor Market Conditions on Retirement Decisions
Dong, Xu.
2019
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How older workers make their retirement decisions and what factors
have a strong influence on decision making is always a popular topic. This paper
attempts to examine how labor market conditions, a less studied factor, affect
retirement decision making. It also attempts to examine the existence of
heterogeneous effect among age groups and industries. The author defines six
possible retirement ... read moretransition categories, and uses these six outcomes to
construct a multinomial logit model. Using data from Health and Retirement Study,
we find that older workers below 62 are more likely to stay in the labor force and
less likely to either completely or partly retire. No evidence is found for
heterogeneous labor market effects by age group. Many industries consistently
demonstrate strong labor force attachment, while two industries showing weaker
attachment and higher probability to retire. Only two industries do not
demonstrate clear patterns regarding labor force attachment.
Thesis (M.S.)--Tufts University, 2019.
Submitted to the Dept. of Economics.
Advisor: Melissa McInerney.
Committee: Alan Finkelstein Shapiro.
Keyword: Labor economics.read less - ID:
- kw52jm92c
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