Retirement patterns and the macroeconomy, 1992-2010: The prevalence and determinants of bridge jobs, phased retirement, and reentry among three recent cohorts of older Americans

Gerontologist

Volumn 55, Issue 3, 2015, Pages 384-403

  Cahill, Kevin E ^a   Giandrea, Michael D ^b   Quinn, Joseph F ^a  

^a BOSTON COLLEGE   (United States)

^b BUREAU OF LABOR STATISTICS   (United States)

Author keywords

Bridge jobs; Economics of aging; Gradual retirement; Older workers; Partial retirement; Retirement income

Indexed keywords

AGED; ECONOMICS; EMPLOYMENT; FEMALE; HUMAN; INCOME; MALE; MIDDLE AGED; PREVALENCE; RETIREMENT; STATISTICS AND NUMERICAL DATA; UNITED STATES;

AGED; EMPLOYMENT; FEMALE; HUMANS; INCOME; MALE; MIDDLE AGED; PREVALENCE; RETIREMENT; UNITED STATES;

EID: 84939465980     PISSN: 00169013     EISSN: 17585341     Source Type: Journal    
DOI: 10.1093/geront/gnt146     Document Type: Article

References (35)

1. Bosworth, B. P., & Burtless, G. (2011). Recessions, wealth destruction, and the timing of retirement. Center for Retirement Research at Boston College Working Paper 2010-22 (October). Retrieved September 19, 2012, from http://crr.bc.edu/working-papers/recessions-wealth-destruction-and-the-timing-of-retirement/
2. Brown, S. K. (2005). Attitudes of individuals 50 and older toward phased retirement. Washington, DC: AARP Knowledge Management. Retrieved August 30, 2013, from http://assets. aarp.org/rgcenter/post-import/phased-ret.pdf
3. Butrica, B. A., Johnson, R. W., & Smith, K. E. (2011). The potential impact of the great recession on future retirement incomes. Center for Retirement Research at Boston College Working Paper 2011-9 (May). Retrieved September 19, 2012, from http://crr.bc.edu/working-papers/the-potential-impact-of-the-great-recession-on-future-retirement-incomes-ii/
4. Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2006). Retirement patterns from career employment. The Gerontologist, 46, 514-523. Retrieved from http://dx.doi.org/10.1093/geront/46.4.514
5. Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2011). Reentering the labor force after retirement. Monthly Labor Review, 134, 34-42.
6. Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2012). Older workers and short-term jobs: Employment patterns and determinants. Monthly Labor Review, 135, 19-32.
7. Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2013a). Bridge employment. In M. Wang (Ed.), The Oxford handbook of retirement (pp. 293-310). New York: Oxford University Press.
8. Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2013b). "Are gender differences emerging in the retirement patterns of the early boomers?" U.S. Bureau of Labor Statistics Working Paper #468.
9. Charles, K. K., & Decicca, P. (2007). Hours fexibility and retirement. Economic Inquiry, 45, 251-267. Retrieved from http://dx.doi.org/10.1111/j.1465-7295.2006.00009.x
10. Coile, C. C., & Levine, P. B. (2006). Bulls, bears, and retirement behavior. Industrial and Labor Relations Review, 59, 408-429.
11. Coile, C. C., & Levine, P. B. (2011). Recessions, retirement, and social security. American Economic Review: Papers & Proceedings, 101, 23-28.
12. Eschtruth, A., & Gemus, J. (2002). Are older workers responding to the bear market? Just the Facts No. 5. Chestnut Hill, MA: The Center for Retirement Research at Boston College.
13. Federal Reserve Bank of Minneapolis. (2013). The recession and recovery in perspective. Retrieved April 26, 2013, from http://www.minneapolisfed.org/publications-papers/studies/reces-sion-perspective/index.cfm?
14. Ghilarducci, T., & Turner, J. (2007). Work options for older Americans. Notre Dame, IN: University of Notre Dame Press.
15. Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2009). Bridge jobs: A comparison across cohorts. Research on Aging, 31, 549-576.
16. Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2013). New evidence on self-employment transitions among older Americans with career jobs. U.S. Bureau of Labor Statistics Working Paper #463.
17. Griffn, B., & Hesketh, B. (2008). Post-retirement work: The individual determinants of paid and volunteer work. Journal of Occupational and Organizational Psychology, 81, 101-121. Retrieved from http://dx.doi.org/10.1348/096317907X202518
18. Gustman, A. L., Steinmeier, T. L., & Tabatabai, N. (2011). How did the recession of 2007-2009 affect the wealth and retirement of the near retirement age population in the health and retirement study? National Bureau of Economic Research Working Paper #17547. Retrieved September 19, 2012, from http://www.nber. org/papers/w17547
19. Hutchens, R. M., & Chen, J. (2007). The role of employers in phased retirement: Opportunities for phased retirement among white-collar workers. In T. Ghilarducci & J. Turner (Eds.), Work options for older Americans (pp. 95-118). Notre Dame, IN: University of Notre Dame Press.
20. Juster, F. T., & Suzman, R. (1995). An overview of the health and retirement study. Journal of Human Resources, 30(Suppl.), S7-S56. Retrieved from http://dx.doi.org/10.2307/146277
21. Kantarci, T., & van Soest, A. (2008). Gradual retirement: Preferences and limitations. De Economist, 156, 113-144. Retrieved from http://dx.doi.org/10.1007/s10645-008-9086-1
22. Karp, F. (2007). Growing older in America: The health and retirement study. Washington, DC: U.S. Department of Health and Human Services.
23. Maestas, N. (2010). Back to work: Expectations and realizations of work after retirement. Journal of Human Resources, 45, 719-748. Retrieved from http://dx.doi.org/10.1353/jhr.2010.0011
24. McFall, B. H. (2011). Crash and wait? The impact of the great recession on the retirement plans of older Americans. American Economic Review: Papers & Proceedings, 101, 40-44.
25. Quinn, J. F. (1999). Retirement patterns and bridge jobs in the 1990s. Issue Brief No. 206 (pp. 1-23). Washington, DC: Employee Beneft Research Institute.
26. Quinn, J. F. (2010). Work, retirement, and the encore career: Elders and the future of the American workforce. Generations, 34, 45-55.
27. Quinn, J. F., Burkhauser, R. V., & Myers, D. A. (1990). Passing the torch: The infuence of economic incentives on work and retirement. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.
28. Quinn, J. F., Cahill, K. E., & Giandrea, M. D. (2011). Early retirement: The dawn of a new era? Policy brief. New York: TIAA-CREF Institute.
29. Ruhm, C. J. (1990). Bridge jobs and partial retirement. Journal of Labor Economics, 8, 482-501. Retrieved from http://dx.doi. org/10.1086/298231
30. Sass, S. A., Monk, C., & Haverstick, K. (2010). Workers' response to the market crash: Save more, work more? Center for Retirement Research at Boston College Issue Brief IB 10-3. Retrieved September 19, 2012, from http://crr.bc.edu/briefs/workers-response-to-the-market-crash-save-more-work-more/
31. Shultz, K. S., & Wang, M. (2011). Psychological perspectives on the changing nature of retirement. American Psychologist, 66, 170-179. Retrieved from http://dx.doi.org/10.1037/a0022411
32. U.S. Bureau of Labor Statistics. (2012a). Employment projections, 2010-20. Retrieved March 22, 2013, from http://www.bls.gov/news.release/pdf/ecopro.pdf
33. U.S. Bureau of Labor Statistics. (2012b). Monthly seasonally adjusted unemployment rate for individuals age 55 and older. Retrieved October 9, 2012, from http://www.bls.gov/data/
34. Yellen, J. L. (2012). Perspectives on monetary policy. Board of Governors of the Federal Reserve System. Retrieved from http://www.federalreserve.gov/newsevents/speech/yellen20120606a. htm
35. Zissimopoulos, J., & Karoly, L. A. (2009). Labor force dynamics at older ages: Movements into self-employment by workers and nonworkers. Research on Aging, 31, 89-111. Retrieved from http://dx.doi.org/10.1177/0164027508324642