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Centre for Policy on Ageing | |
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Revisiting the pathways to retirement
— a latent structure model of the dynamics of transition from work to retirement | | Author(s) | Fengyan Tang, Jeffrey A Burr |
| Journal title | Ageing and Society, vol 35, no 8, September 2015 |
| Publisher | Cambridge University Press, September 2015 |
| Pages | pp 1739-1770 |
| Source | journals.cambridge.org/aso |
| Keywords | Employment of older people ; Transitional phase ; Retirement ; Quantitative studies ; United States of America. |
| Annotation | With real and perceived reductions in retirement income security and possible cutbacks in Medicare and Medicaid, many older Americans are following different pathways from work to full retirement. This study identifies a dynamic latent structure model of the work-retirement transition process, which focuses on transitions of work and retirement status for men and women aged 51-74 years. Using data from the Health and Retirement Study (HRS) for 1998-2004, latent transition analysis was used to identify a best fitting model capturing work-retirement statuses in four samples defined by age and sex. The prevalence of each status was described and the dynamic transition probabilities within the latent structure were examined. Using multinomial logistic regression, socio-demographic, health, family and occupational factors were assessed to determine how each was related to the likelihood of occupying a specific latent status at baseline. Results showed that study respondents were classified into distinct groups: full retiree, partial retiree or part-time worker, full-time worker, work-disabled, or home-maker. The prevalence of full retiree status increased, while the prevalence for full-time worker status decreased over time for both men and women. Membership rates in the work-disabled and partial retiree status were generally consistent, with decreased probabilities of the work-disabled status in the older age groups and increased probabilities of partial retirees among younger men. The findings indicated that many older Americans experience multiple transitions on the pathway to retirement. Future research on late-life labour-force transitions should evaluate the impact of the recent Great Recession and examine the role of larger socio-economic contexts. (RH) |
| Accession Number | CPA-150814210 A |
| Classmark | GC: 4MT: G3: 3DQ: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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