How do older workers use nontraditional jobs?

TitleHow do older workers use nontraditional jobs?
Publication TypeJournal Article
Year of Publication2021
AuthorsMunnell, A, Sanzenbacher, GT, Walters, AN
JournalJournal of Pension Economics and Finance
Volume20
Issue3
Pagination374–392
KeywordsAlternative work, employer benefits, nontraditional jobs, Older workers, retirement security, Sequence analysis
Abstract

Working consistently through one's early 60s is key to retirement security. However, workers without access to retirement plans and health insurance will likely struggle to achieve such security. This paper uses the Health and Retirement Study to identify nontraditional jobs – which lack these benefits – and applies sequence analysis to explore how workers aged 50–62 use them. The results suggest that most nontraditional jobs are used by workers consistently, and that fewer workers use these jobs briefly or as a bridge to retirement. Workers consistently in nontraditional jobs end up with less retirement income and are more likely to be depressed.

DOI10.1017/S1474747220000086
Citation Keymunnell_sanzenbacher_walters_2021