Labor Force Transitions at Older Ages: The Roles of Work Environment and Personality
dc.contributor.author | Angrisani, Marco | |
dc.contributor.author | Hurd, Michael D. | |
dc.contributor.author | Meijer, Erik | |
dc.contributor.author | Parker, Andrew M. | |
dc.contributor.author | Rohwedder, Susann | |
dc.date.accessioned | 2014-01-10T17:40:02Z | |
dc.date.available | 2014-01-10T17:40:02Z | |
dc.date.issued | 2013-09-30 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/102270 | |
dc.description.abstract | Besides compensation and financial incentives, several other work-related factors may affect individual retirement decisions. Specifically, job characteristics such as autonomy, skill variety, task significance and difficulty, stress and physical demands, peer pressure and relations with co-workers, play a crucial role in determining psychological commitment to work at older ages. While financial preparedness for retirement and health shocks are often cited as main predictors of the choice to exit the labor force, there exists relatively little research documenting the extent to which the work environment itself and its interaction with economic variables influence retirement decisions. We document that job characteristics are associated with labor force transitions at older ages, in particular transitions to retirement and part-time employment. Additionally, we show that while personality traits do not directly drive labor force transitions, the effect of job characteristics on labor supply outcomes varies with the “intensity” of personality traits. We also document that job characteristics themselves are strongly related to personality traits. This suggests that, depending on their personality, individuals may select into specific jobs, whose characteristics ultimately shape their retirement paths. | en_US |
dc.description.sponsorship | Social Security Administration | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2013-295 | en_US |
dc.subject | Retirement, Job Characteristics, Job Satisfaction, Big Five Personality Traits | en_US |
dc.title | Labor Force Transitions at Older Ages: The Roles of Work Environment and Personality | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationother | University of Southern California and RAND Corporation | en_US |
dc.contributor.affiliationother | RAND Corporation | en_US |
dc.contributor.affiliationother | University of Southern California and RAND Corporation | en_US |
dc.contributor.affiliationother | RAND Corporation | en_US |
dc.contributor.affiliationother | RAND Corporation | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/102270/1/wp295.pdf | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.