HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS		QUICK SEARCH:   [advanced] Author: Keyword(s): Year:  Vol:  Page:

This Article Full Text Full Text (PDF) Alert me when this article is cited Alert me if a correction is posted Services Similar articles in this journal Similar articles in PubMed Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Cahill, K. E. Articles by Quinn, J. F. Search for Related Content PubMed PubMed Citation Articles by Cahill, K. E. Articles by Quinn, J. F.

Retirement Patterns From Career Employment

Correspondence: Address correspondence to Kevin E. Cahill, PhD, Analysis Group, Inc., 111 Huntington Avenue, 10th Floor, Boston, MA 02199. E-mail: kcahill{at}analysisgroup.com

Purpose: This article investigates how older Americans leave their career jobs and estimates the extent of intermediate labor force activity (bridge jobs) between full-time work on a career job and complete labor-force withdrawal. Design and Methods: Using data from the Health and Retirement Study, we explored the work histories and retirement patterns of a cohort of retirees aged 51 to 61 in 1992 during a 10-year period in both cross-sectional and longitudinal contexts. We examined determinants of retirement patterns in a multinomial logistic regression model. Results: We found that a majority of older Americans with career jobs retire gradually, in stages, rather than all at once. We also found that the utilization of bridge jobs was more common among younger respondents, respondents without defined-benefit pension plans, and respondents at both the lower and upper ends of the wage distribution. Implications: Older Americans are now working longer than pre-1980s trends would have predicted. Given concerns about the traditional sources of retirement income (Social Security, employer pensions, and prior savings), older Americans may have to rely more on earnings. This article suggests that many are already doing so by moving to bridge jobs after leaving their career employment.

Key Words: Economics of aging • Partial retirement • Gradual retirement • Older workers • Retirement income

This article has been cited by other articles:

				B. Kaskie, S. Imhof, J. Cavanaugh, and K. Culp Civic Engagement as a Retirement Role for Aging Americans Gerontologist, June 1, 2008; 48(3): 368 - 377. [Abstract] [Full Text] [PDF]

				Minerva BMJ, September 2, 2006; 333(7566): 506 - 506. [Full Text] [PDF]