Download or read book Retirement Outcomes in the Health and Retirement Study written by Alan L. Gustman and published by . This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines retirement outcomes in the first four waves of the Health and Retirement Study. Measured retirement is seen to differ, sometimes substantially, with the definition of retirement used and among various groups analyzed. Moreover, these differences vary with the wave of the survey as respondents age. Retirement is comprised of a complex set of flows among states representing full time work, partial retirement and complete retirement. Seventy seven percent of transitions continue in the same or equivalent states between adjoining waves of the HRS; 17 percent involve a move from greater to lesser labor force participation, and 6 percent involve a move from states of lesser to greater labor force participation. Twenty two percent of the sample report they were partially retired at some time in the first four waves, and by age 65, over a fifth of the population is partially retired. Altogether, 14 percent of the sample experienced a reversal in the course of the survey, moving from a state of less work to a state of more work. Comparing retirement flows for men between the HRS and the 1969-1979 Retirement History Study, the large spike in the population leaving full time work at age 65 observed in the RHS is reduced to half its original size in the HRS, while the share leaving full time work at age 62 has almost doubled over time. The results presented here should help researchers to improve their understanding of the structure of the dependent variable in retirement studies

Download or read book Retirement Outcomes in the Health and Retirement Study written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Retirement Research Using the Health and Retirement Survey written by Alan L. Gustman and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights unanswered research questions in the economics of retirement, and shows how these issues can be addressed using the new Health and Retirement Survey (HRS). Unique features of the survey are described including administrative records on earnings and social security benefits, and employer provided data on pensions and health insurance. Also collected are indicators of retirement plans, health status, family structure, income, wealth and employer policies affecting job opportunities and constraints. Data from the first wave of the HRS are used to analyze retirement outcomes and constraints shaping retirement behavior.

Download or read book Self Assessed Retirement Outcomes written by Susann Rohwedder and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is increasing interest among policy makers in measuring well-being in ways that go beyond purely economic indicators, also with special focus on older individuals who constitute an increasing fraction of the population. However there is little consensus on which other indicators should be included. An alternative approach is to use individuals' own assessments and relate these to a rich set of covariates to find what factors influence individuals' own perceptions. This is the approach adopted in this paper, using data from the Health and Retirement Study (HRS). Retired respondents are asked how satisfying their retirement has turned out to be, how retirement years compare to pre-retirement years and whether they are worried about not having enough income to get by in retirement. I relate these self-assessed measures to a rich set of covariates to investigate which aspects weigh in individuals' perceptions. I use the longitudinal nature of the HRS to study the pathways that lead up to the observed retirement outcomes, and to examine the persistence of the outcomes over time. Bad health, changes towards worse health, social isolation and increase in social isolation lead most significantly to lower satisfaction in retirement and a greater sense of financial insecurity in retirement. A short financial planning horizon and past shocks, like unexpected large expenses or divorce, also have a noticeable negative impact.

Download or read book Growing Older in America written by and published by . This book was released on 2007 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Retirement on Physical and Mental Health Outcomes written by Dhaval Dave and published by . This book was released on 2006 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: While numerous studies have examined how health affects retirement behavior, few have analyzed the impact of retirement on subsequent health outcomes. This study estimates the effects of retirement on health status as measured by indicators of physical and functional limitations, illness conditions, and depression. The empirics are based on six longitudinal waves of the Health and Retirement Study, spanning 1992 through 2003. To account for biases due to unobserved selection and endogeneity, panel data methodologies are used. These are augmented by counterfactual and specification checks to gauge the robustness and plausibility of the estimates. Results indicate that complete retirement leads to a 23-29 percent increase in difficulties associated with mobility and daily activiteies, and eight percent increase in illness conditions, and an 11 percent decline in mental health. With an aging population choosing to retire at earlier ages, both Social Security and Medicare face considerable shortfalls. Eliminating the embedded incentives in Scial Security and many private pension plans, which discourage work beyond some point, and enacting policies that prolong the retirement age may be desirable, ceteris paribus. Retiring at a later age may lessen or postpone poor health outcomes for older adults, raise well-being, and reduce the utilization of health care services, particularly acute care.

Download or read book The Consequences of Health Events written by Tracy Ann Falba and published by . This book was released on 2000 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Work and Retirement Plans Among Older Americans written by Katharine G. Abraham and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare older workers' plans for work and retirement with their subsequent work and retirement outcomes using panel data from the Health and Retirement Study. Among those with retirement plans, about half indicate they would like to cut back on their work hours or otherwise change the type of work they do prior to, or instead of, fully retiring. Yet, the fraction that follows through on these alternative plans is dramatically lower than the fraction that realizes plans to stop working. Our analysis shows that individuals who likely would need to change jobs in order to reduce their work hours are much less likely to have plans to reduce hours and, conditional on having such plans, are much less likely to follow through on them. Instead, a large fraction of these individuals stop working entirely. Our findings suggest that older workers may face substantial barriers to job change, and we conclude with a discussion of potential policy implications.

Download or read book The Health and Retirement Study written by and published by . This book was released on 1995 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Retirement on Health Among Men and Women in the Health and Retirement Study written by Meghan Dee Miller Fondow and published by . This book was released on 2007 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The myth of retirement and health states that health declines following retirement. Previous studies examining the veracity of this myth offer contradictory findings and varied methodologies. Several studies have found support for the myth, but others have found that health may actually improve in retirement. Also, it has been suggested that retirement may affect health of men and women in different ways. The purpose of the current study was to clarify and extend previous findings regarding the relationship between retirement and health among men and women using data from the Health and Retirement Study. The study was conducted in two phases. For the first phase, cross-sectional data were analyzed with working and retired participants matched on age, sex, race, and education. In the second phase, a longitudinal matched sample was utilized that included working participants, half of whom had retired by four year follow up. Sex, marital status, and income were examined as potential moderators. Results indicated that retired participants in both samples reported more functional health impairment and more symptoms of depression. However, the effect appeared to be evident primarily among people who had been forced to retire. There was no difference between voluntary retirees and working participants on functional health impairment, and voluntary retirees actually reported fewer symptoms of depression than working participants. Overall, this study provides support for the myth of retirement and health, but only among people forced to retire.

Download or read book The Health and Retirement Study written by F. Thomas Juster and published by . This book was released on 1993 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Retirement and Wealth written by Alan L. Gustman and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates reduced form retirement and wealth equations, and analyzes the relationship between them. Data are from the first four waves of the longitudinal Health and Retirement Study, individuals born from 1931 to 1941. Single equation retirement models relate the probability of retiring to forward looking measures of changes in the values of social security and pension benefits when retirement is postponed. Such simple models suggest that if the social security early retirement age were to be raised or abolished, more people would retire earlier rather than later. Our work analyzes the reasons for such counter intuitive predictions, and discusses the need to analyze these policies in the context of a structural model of retirement and wealth. To improve retirement analysis, we develop the premium value, a measure of the future value of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also introduce a new definition of retirement to blend information on objective hours worked with subjective self reports of retirement status. Our findings also explore the effects of social security incentives on partial retirement, and consider the importance of partial retirement in any study relating social security to retirement behavior.

Download or read book Personal Accounts and Family Retirement written by Alan L. Gustman and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is based on panel data from the Health and Retirement Study covering the period 1992 to 2000. When husbands postpone their retirement so they can retire together with their typically younger wives, the spike in retirement at age 62 is smeared to later ages. Thus retirements differ between one and two earner families. We find both an asymmetry in which husbands prefer their wife to be retired before they retire, and a clear distaste of many husbands to retiring when their wives are in poor health, while the wives are willing to stay at home with sickly husbands. We simulate a system of personal Social Security accounts based on a 10.6 percent contribution rate over the lifetime. One version allows individuals to make lump sum withdrawals at retirement instead of annuitizing. This program would increase the retirement rates of husbands at age 62 by about 15 percentage points compared to the current system. Adding a lump sum option, by itself, would increase retirements at 62 by about 6 percentage points.

Download or read book Retirement Alpha written by Thomas Hegna and published by . This book was released on 2015-02-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Relationship Between Retirement Decisions and Health Care Expenditures in the United States written by Serife Nur Boyacioglu and published by . This book was released on 2016 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: A substantial literature analyzes the relationship in the U.S. between retirement decisions and health outcomes; however, the relationship between health care costs and retirement has not yet been adequately studied. This paper investigates the association between retirement choices and health care expenditures using data from the U.S. Health and Retirement Study. My analysis shows that retirement status is not predictive of healthcare expenditures. However, I find statistically significant evidence that the overall relationship between healthcare expenditures and retirement status is masked by the fact that this relationship is negative for women but positive for men.

Download or read book Social Security Programs and Retirement around the World written by Axel Börsch-Supan and published by University of Chicago Press. This book was released on 2021-03-05 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.

Download or read book Older Women s Health Outcomes During Retirement written by Francine Hebert Sheppard and published by . This book was released on 2016 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The purpose of this cross-sectional study was to examine selected health outcomes in women aged 55 years and older during retirement and to determine whether a relationship exists between women's health outcomes and aspects of retirement, including status (part or full-time retirement), type (voluntary or forced retirement), and timing (early-prior to age 65-or on-time). This study was guided by the Roy's Adaptation Model, with health viewed as adaptations to the focal stimulus of retirement within the model's four adaptive modes: physiological, self-concept, role function, and interdependence. Eighty women aged 55 years and older who were retired at least part-time from working outside the home were recruited using convenience sampling from senior and community settings within five southeastern US states (North Carolina, Georgia, Florida, Arkansas, and Louisiana). The average age of participants was 66 years. The average retirement age was 62 years. The majority of women were white, married, non-caregivers, and resided in rural areas. Health outcomes and health conditions were collected using self-report questionnaires by participants. Health outcomes included physical function, self-assessed health, functionality, and social support. Health conditions included chronic conditions such as diabetes, chronic heart disease, and memory impairment. Differences in the proportion of women grouped by retirement type, timing, or status were examined for measures in each of the four adaptation modes. Retirement group differences were compared using one-way ANOVA and Chi-square tests. Women's retirement experiences were explored using open-ended questions. This study generated new knowledge regarding how retirement status, type, and timing relate to essential health outcomes for the fast-growing population of women retirees in the United States. Type of retirement was found to be significantly associated with variables representing all four RAM adaptive modes, with forced retirement showing poorer health outcomes compared to voluntary retirement. Retirement type may have important implications in multiple health-related aspects of what is often a lengthy two-decade retirement period for women. A greater proportion of forced retirees reported diabetes, stroke, and memory loss compared to voluntary retirees in this study. This is significant due to connections previously described in the literature between these health conditions. Forced retirement type was related to lower self-rated health, lower functionality, less participation in volunteer activities, and less emotional support from others. Women of minority race/ethnicity in this study were more likely to have forced retirements than white women. Forced retirement can create an economically-challenging situation that impacts health through a myriad of pathways including lowering self-esteem, decreasing quality of life, and decreasing health-seeking behaviors. The ability to better predict and address health changes in older women will aid in preserving their safety and independence and help offer the best quality of life for as long as possible. This new knowledge reveals useful information for clinicians and has important implications that may lead to early interventions for this population to improve health outcomes during retirement. In addition, labor or corporate employers should consider strategies that include greater job flexibility options to increase employee retention and re-evaluate current policies when planning women's retirement."--Abstract from author supplied metadata.