The Retirement Life Course in America at the Dawn of the Twenty-First Century.

TitleThe Retirement Life Course in America at the Dawn of the Twenty-First Century.
Publication TypeJournal Article
Year of Publication2010
AuthorsWarner, DF, Hayward, MD, Hardy, MA
JournalPopul Res Policy Rev
Volume29
Issue6
Pagination893-919
Date Published2010 Jan 12
ISSN Number0167-5923
Abstract

<p>As the baby boom cohorts expand the number of U.S. retirees, population estimates of the employment, withdrawal and reentry behaviors of older Americans' remain scarce. How long do people work? How frequently is retirement reversed? How many years are people retired? What is the modal age of retirement? And, how do the patterns for women compare to those for men? Using the 1992-2004 Health and Retirement Study, we estimate multistate working life tables to update information on the age-graded regularities of the retirement life course of men and women in the United States. We find that at age 50 men can expect to spend half of their remaining lives working for pay, while women can expect to spend just one-third. Half of all men and women have left the labor force by ages 63 and 61, respectively. Although the majority of retirement exits are final, variation in the nature and duration of the retirement process is substantial, as about a third of men's and women's exits are reversed. By quantifying these patterns for men and women, we provide a sound empirical basis for evaluating policy designed to address the financial pressures population aging places on public and private pension systems.</p>

Notes

Journal Article

DOI10.1007/s11113-009-9173-2
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/21170285?dopt=Abstract

Endnote Keywords

Retirement/Working Women/women/labor Force Participation/Twenty First Century/Males/Aging

Endnote ID

24430

Alternate JournalPopul Res Policy Rev
Citation Key7519
PubMed ID21170285
PubMed Central IDPMC3002227
Grant ListT32 AG000155 / AG / NIA NIH HHS / United States
T32 AG000048 / AG / NIA NIH HHS / United States
R24 HD050959-06 / HD / NICHD NIH HHS / United States
R24 HD042849 / HD / NICHD NIH HHS / United States
T32 HD007514 / HD / NICHD NIH HHS / United States
R24 HD050959-07 / HD / NICHD NIH HHS / United States
R24 HD041025 / HD / NICHD NIH HHS / United States
R01 AG011758-05 / AG / NIA NIH HHS / United States
R01 AG013180-09 / AG / NIA NIH HHS / United States
R01 AG013180 / AG / NIA NIH HHS / United States