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Demography

, Volume 27, Issue 3, pp 337–356 | Cite as

Work and Retirement Among a Cohort of Older Men in the United States, 1966–1983

  • Mark D. Hayward
  • William R. Grady
Article

Abstract

Multivariate increment-decrement working life tables are estimated for a cohort of older men in the United States for the period 1966–1983. The approach taken allows multiple processes to be simultaneously incorporated into a single model, resulting in a more realistic portrayal of a cohort’s late-life labor force behavior. In addition, because the life table model is developed from multivariate hazard equations, we identify the effects of sociodemographic characteristics on the potentially complex process by which the labor force career is ended. In contrast to the assumed homogeneity of previous working life table analyses, the present study shows marked differences in labor force mobility and working and nonworking life expectancy according to occupation, class of worker, education, race, and marital status. We briefly discuss the implications of these findings for inequities of access to retirement, private and public pension consumption, and future changes in the retirement process.

Keywords

Labor Force Life Table Private Pension Life Table Model Retirement Process 

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Copyright information

© Population Association of America 1990

Authors and Affiliations

  • Mark D. Hayward
    • 1
  • William R. Grady
    • 2
  1. 1.Andrus Gerontology Center and Department of SociologyUniversity of Southern CaliforniaLos Angeles
  2. 2.Battelle Memorial InstituteHealth and Population Research CenterSeattle

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