Non-Monetary Job Characteristics and Employment Transitions at Older Ages PDF Download
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Author: Marco Angrisani Publisher: ISBN: Category : Languages : en Pages : 35
Book Description
This paper studies to what extent job characteristics such as physical and cognitive demands, use of technologies, responsibility, difficulty, stress, and social interaction are related to full or partial retirement. We study employment transitions and retirement expectations of older workers by exploiting the wealth of information about individuals over the age of 50 in the Health and Retirement Study (HRS) and characteristics of different occupations provided by the Occupation Information Network (O*NET) database. Controlling for basic demographics, wages, benefits, health, cognitive ability, personality, and other personal characteristics, we find strong and statistically significant relationships between labor force transitions and job characteristics. These relationships are typically more pronounced and more precisely estimated when we use objective job attributes taken from the O*NET than when we use self-reported job characteristics taken from the HRS. Self-reported characteristics are more strongly related to moves from full-time to part-time employment. Similar patterns are observed when we use retirement intentions (distance from planned retirement and subjective probabilities of working full-time at older ages) as dependent variable. Our findings indicate potential factors that may affect predicted retirement patterns and suggest alternative ways to individuals' attachment to the labor force.
Author: Marco Angrisani Publisher: ISBN: Category : Languages : en Pages : 35
Book Description
This paper studies to what extent job characteristics such as physical and cognitive demands, use of technologies, responsibility, difficulty, stress, and social interaction are related to full or partial retirement. We study employment transitions and retirement expectations of older workers by exploiting the wealth of information about individuals over the age of 50 in the Health and Retirement Study (HRS) and characteristics of different occupations provided by the Occupation Information Network (O*NET) database. Controlling for basic demographics, wages, benefits, health, cognitive ability, personality, and other personal characteristics, we find strong and statistically significant relationships between labor force transitions and job characteristics. These relationships are typically more pronounced and more precisely estimated when we use objective job attributes taken from the O*NET than when we use self-reported job characteristics taken from the HRS. Self-reported characteristics are more strongly related to moves from full-time to part-time employment. Similar patterns are observed when we use retirement intentions (distance from planned retirement and subjective probabilities of working full-time at older ages) as dependent variable. Our findings indicate potential factors that may affect predicted retirement patterns and suggest alternative ways to individuals' attachment to the labor force.
Author: Marco Angrisani Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We study whether individuals with different personality traits systematically exhibit different retirement trajectories. We find weak direct associations between personality and employment transitions. On the other hand, personality does contribute indirectly to these transitions by moderating the effects of non-monetary job characteristics. Specifically, workers with different traits are observed to follow different retirement paths when faced with similar physical demands, computer skills requirements, job flexibility, and age discrimination in the workplace. Contrary with other economic domains, conscientiousness does not have the strongest association with retirement; the other components of the Big Five personality traits show more salient patterns.
Author: Marco Angrisani Publisher: ISBN: Category : Languages : en Pages : 32
Book Description
We study whether individuals with different personality traits systematically exhibit different retirement trajectories. We find weak direct associations between personality and employment transitions. On the other hand, personality does contribute indirectly to these transitions by moderating the effects of non-monetary job characteristics. Specifically, workers with different traits are observed to follow different retirement paths when faced with similar physical demands, computer skills requirements, job flexibility and age discrimination in the workplace. Contrary to other economic domains, conscientiousness does not have the strongest association with retirement; the other components of the Big Five personality traits show more salient patterns.
Author: Marco Angrisani Publisher: ISBN: Category : Languages : en Pages : 37
Book Description
This paper studies to what extent job characteristics such as physical and cognitive demands, use of technologies, responsibility, difficulty, stress, peer pressure, and relations with co-workers are related to full or partial retirement. We study employment transitions and retirement expectations of older workers by exploiting the wealth of information about individuals older than age 50 in the Health and Retirement Study (HRS), and characteristics of different occupations provided by the Occupation Information Network (O*NET) database. Controlling for basic demographics, wages, benefits, health, cognitive ability, personality, and other personal characteristics, we find strong and statistically significant relationships between labor force transitions and job characteristics. These relationships are typically more pronounced and more precisely estimated when we use objective job attributes taken from the O*NET than when we use self-reported job characteristics taken from the HRS, but self-reported characteristics are more strongly related to moves from full-time to part-time employment. Using expected retirement age or subjective probabilities of working full-time at older ages gives similar results to using actual labor force transitions as the dependent variable. The estimated effects of job characteristics are again stronger and more robust to alternative specifications when measures of job attributes are taken from the O*NET than from the HRS. Our findings suggest that nonmonetary job characteristics are important determinants of labor supply decisions at older ages, but our analysis is still preliminary in its attempt to uncover causal relationships: Unobservable individual characteristics responsible for sorting into specific occupations may also shape retirement decisions.
Author: Nicole Maestas Publisher: ISBN: Category : Languages : en Pages : 26
Book Description
As the population ages in the United States and other countries, encouraging older individuals to work would help counter increasing dependency ratios and improve national economic outcomes. Extending working lives is likely not simply a function of improving monetary incentives. Instead, job characteristics are also potentially important, yet understudied, determinants of whether individuals near retirement remain in the labor force. We use previously-collected data on job characteristics and preferences for job characteristics and work at older ages from the 2015 American Working Conditions Survey. We match the 2015 data with new data on job transitions collected three years after the initial survey. We use the matched data to study the relationship between preferences for job characteristics and actual job transitions. We then estimate heterogeneity in preferences for job characteristics as a function of age and plans for retirement. We test whether preferences differ for older workers ages 50 to 61 with different self-perceived probabilities of working in the future. Finally, we test whether preferences differ for retirement-aged individuals ages 62 and older who are working or not working.
Author: Steve Lissenburgh Publisher: Policy Press ISBN: 1861344759 Category : Business & Economics Languages : en Pages : 49
Book Description
The experience of an abrupt and often premature departure from work can leave individuals feeling disoriented and can prevent their valuable economic potential from being tapped. This report, published in association with the Joseph Rowntree Foundation, explores the possibilities of more flexible forms of work that bridge the gap between a steady career job and retirement. It examines such jobs in the wider context of the types of transition that are being made by people retiring early and makes recommendations for future retirement policy in the UK.
Author: Clas-Håkan Nygård Publisher: MDPI ISBN: 3039280643 Category : Medical Languages : en Pages : 258
Book Description
In many industrialized countries, there is a sharp increase of the aging population due to a decrease in fertility rate and an increase in life expectancy. Due to which, the age dependency ratio rises and may cause increased economic burden among working age population. One strategy to combat this problem is to prolong peoples working career. A sufficient work ability is a requirement for a sustainable and prolonged employment. Work ability is primarily a question of balance between work and personal resources. Personal resources change with age, whereas work demands may not change parallel to that, or only change due to globalization or new technology. Work ability, on average, decreases with age, although several different work ability pathways exist during the life course. Work-related factors, as well as general lifestyle, may explain the declines and improvements in work ability during aging. A sustainable work ability throughout the life course is a main incentive for a prolonged working career and a healthy aging. Work ability and work-related factors, are therefore important occupational and public health issues when the age of the population increases. This Special Issue, “Sustainable Work Ability and Aging”, includes in all 16 original articles and one opinion paper, organized in three sections. The research topics cover wide aspects of work ability, from determinants, older employee´s coping with their work, methodological issues as well as results of interventions on promoting work ability.
Author: Institute of Medicine Publisher: National Academies Press ISBN: 030909111X Category : Social Science Languages : en Pages : 319
Book Description
Mirroring a worldwide phenomenon in industrialized nations, the U.S. is experiencing a change in its demographic structure known as population aging. Concern about the aging population tends to focus on the adequacy of Medicare and Social Security, retirement of older Americans, and the need to identify policies, programs, and strategies that address the health and safety needs of older workers. Older workers differ from their younger counterparts in a variety of physical, psychological, and social factors. Evaluating the extent, causes, and effects of these factors and improving the research and data systems necessary to address the health and safety needs of older workers may significantly impact both their ability to remain in the workforce and their well being in retirement. Health and Safety Needs of Older Workers provides an image of what is currently known about the health and safety needs of older workers and the research needed to encourage social polices that guarantee older workers a meaningful share of the nation's work opportunities.
Author: National Research Council Publisher: National Academies Press ISBN: 0309261961 Category : Social Science Languages : en Pages : 230
Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author: Marco Angrisani
Author: Marco Angrisani
Author: Marco Angrisani
Author: Marco Angrisani
Author: Marco Angrisani
Author: Nicole Maestas
Author: 
Author: Steve Lissenburgh
Author: Clas-Håkan Nygård
Author: Institute of Medicine
Author: National Research Council