TY - RPRT T1 - How job changes affect retirement timing by socioeconomic status Y1 - 2017 A1 - Geoffrey T. Sanzenbacher A1 - Sass, Steven A. A1 - Gillis, Christopher M. KW - job changes KW - Retirement KW - socioeconomic status AB - The brief’s key findings are: Workers in their 50s today, compared to previous generations, are more likely to switch jobs voluntarily. The question is whether such job changes lengthen or shorten a worker’s career. The results suggest that job changes lengthen careers: those who switch jobs are much more likely to still be in the labor force at age 65 than those who stay put. This effect is somewhat larger for better-educated workers than for less-educated workers. JF - Center for Retirement Research at Boston College Briefs PB - Center for Retirement Research at Boston College CY - Boston UR - https://crr.bc.edu/briefs/how-job-changes-affect-retirement-timing-by-socioeconomic-status/ ER - TY - RPRT T1 - Are Early Claimers Making a Mistake? Y1 - 2016 A1 - Alicia H. Munnell A1 - Geoffrey T. Sanzenbacher A1 - Anthony Webb A1 - Gillis, Christopher M. AB - Using Health and Retirement Study (HRS) data and Latent Class Analysis for three cohorts (those born in 1931-1936, 1937-1941, and 1942-1947), this paper explores: 1) who claims Social Security benefits at age 62; 2) what percentage of households claiming at 62 are unprepared for retirement; and 3) whether the unprepared early claimers were pushed into claiming through job shocks and/or poor health or simply decided to take benefits early. Looking across three cohorts makes it possible to see whether these patterns have changed as the average claim age has increased and pension coverage has shifted away from defined benefit (DB) plans. That is, have those who have moved out of age-62 claiming been educated, financially prepared households or unprepared households that have recognized the need to delay claiming? JF - Center for Retirement Research at Boston College Working Paper Series PB - Center for Retirement Research at Boston College CY - Chestnut Hill, MA UR - http://crr.bc.edu/working-papers/are-early-claimers-making-a-mistake/ ER - TY - RPRT T1 - How Do Job Skills That Decline With Age Affect White-Collar Workers? Y1 - 2016 A1 - Belbase, Anek A1 - Geoffrey T. Sanzenbacher A1 - Gillis, Christopher M. KW - Job Skills KW - White Collar KW - Work AB - As people age, their reaction times slow, flexibility diminishes, and strength declines. These changes in physical and sensory abilities are easy to spot. Thus, research on retirement timing assumes that people in blue-collar jobs, which often rely on these abilities, will retire relatively early. Conversely, researchers often assume that white-collar workers can retire later. But the cognitive abilities needed for many white-collar jobs, like memory and mental speed, also decline with age. And some white-collar jobs also rely on physical or sensory abilities – for example, oral surgeons must have dexterous fingers, steady hands, and excellent eyesight. These observations raise an obvious question: can all white-collar workers remain productive well into their sixties and, if not, which jobs are most vulnerable to age-related decline? PB - Center for Retirement Research at Boston College UR - https://crr.bc.edu/briefs/how-do-job-skills-that-decline-with-age-affect-white-collar-workers/ ER - TY - RPRT T1 - Does Age-Related Decline in Ability Correspond with Retirement Age? Y1 - 2015 A1 - Belbase, Anek A1 - Geoffrey T. Sanzenbacher A1 - Gillis, Christopher M. KW - Bridge employment KW - Cognitive Ability KW - Health Conditions and Status KW - Older Adults KW - Physical Ability KW - Retirement Planning and Satisfaction AB - While declines in physical and mental performance are inevitable as workers age, they are not uniform across the various systems of the body – some physical and cognitive abilities decline much earlier than others. This variance implies that workers in occupations that rely on skills that decline early may be unable to work until late ages, even as policy changes like increases in the Full Retirement Age (FRA) encourage them to. Researchers often estimate models of early retirement that include a control for whether a worker is in a blue-collar job – basically assuming that less-physical white-collar work allows longer careers. But this assumption ignores the fact that even workers in white-collar occupations may find themselves relying on skills that have declined. This paper instead reviews the literature on aging and constructs a Susceptibility Index meant to reflect how susceptible an occupation is to declines in ability, regardless of whether the occupation relies on physical abilities (as blue-collar occupations do) or cognitive ones. PB - Center for Retirement Research at Boston College CY - Chestnut Hill, MA UR - http://crr.bc.edu/wp-content/uploads/2015/09/wp_2015-24.pdf ER -