Hispanics' retirement transitions and differences by nativity.

TitleHispanics' retirement transitions and differences by nativity.
Publication TypeJournal Article
Year of Publication2017
AuthorsMudrazija, S, Johnson, R, Wang, CXiaozhi
JournalJournal of Aging and Health
Volume29
Issue6
Pagination1096-1115
Date Published09/2017
ISSN Number1552-6887
KeywordsHispanics, Racial/ethnic differences, Retirement Planning and Satisfaction
Abstract

OBJECTIVE: This study examines differences in retirement decisions between older Hispanics and non-Hispanics, with a special focus on the role of nativity.

METHODS: We use 1998-2012 waves of the Health and Retirement Study. We estimate survival models of retirement and compare retirement transitions for U.S.-born Hispanics, foreign-born Hispanics, non-Hispanic Whites, and non-Hispanic Blacks.

RESULTS: Foreign-born Hispanics retire significantly later than other racial and ethnic groups. Controlling for personal characteristics, their risk of retirement is 39% lower compared with non-Hispanic Whites. Retirement transitions do not differ significantly between U.S.-born Hispanics and non-Hispanic Whites.

DISCUSSION: Difference in retirement timing between U.S.- and foreign-born Hispanics may partly be due to lower incomes and wealth accumulation of foreign-born Hispanics. Workforce development initiatives, policy initiatives promoting retirement savings, and Social Security reforms could improve future retirement security for older Hispanics, and make retirement a viable option for more foreign-born Hispanics.

DOI10.1177/0898264317711608
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/28569096?dopt=Abstract

Alternate JournalJ Aging Health
Citation Key9121
PubMed ID28569096