The Effect of Physical and Cognitive Decline at Older Ages on Work and Retirement: Evidence from Occupational Job Demands and Job Mismatch

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dc.contributor.author Hudomiet, Péter
dc.contributor.author Hurd, Michael D.
dc.contributor.author Rohwedder, Susann
dc.contributor.author Willis, Robert J.
dc.date.accessioned 2018-02-08T19:52:47Z
dc.date.available 2018-02-08T19:52:47Z
dc.date.issued 2017-10
dc.identifier.uri http://hdl.handle.net/2027.42/142346
dc.description.abstract As workers age, their physical and cognitive abilities tend to decline. This could lead to a mismatch between workers’ resources and the demands of their jobs, restricting future work. We use longitudinal data from the Health and Retirement Study (HRS) linked to detailed occupational characteristics from the O*NET project to investigate how mismatches between job demands and workers’ resources in two physical and two cognitive domains affect retirement outcomes. We estimate how changes in physical and cognitive resources as well as their interactions with occupational job-demands affect changes in 1) subjective reports of work-limiting health problems; 2) mental health; and 3) subjective probabilities of working past age 65. We also estimate hazard models for transitions from full-time work to retirement. We found that declines in physical and cognitive resources are strong predictors of all outcomes: Fewer resources lead to greater reporting of work-limiting health problems; decline in mental health; smaller subjective probabilities of working full-time past age 65; and more transitions from work to retirement. The interaction of resources with job demands, however, is only statistically significant for workers with large-muscle limitations who are more likely to report changes in outcomes when they work in occupations that rely heavily on physical strength. In contrast, the effects of declines in fine motor skills and cognition do not show statistically significant differences by occupational job demands. It appears cognitive and fine motor skills, at least as measured in the HRS, are universally important determinants of working, not specific to certain occupations. en_US
dc.description.sponsorship Social Security Administration, RRC08098401-09, R-UM17-10 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 Hudomiet, Péter, Michael D. Hurd, Susann Rohwedder, and Robert J. Willis. 2017. "The Effect of Physical and Cognitive Decline at Older Ages on Work and Retirement: Evidence from Occupational Job Demands and Job Mismatch." Ann Arbor MI: University of Michigan Retirement Research Center (MRRC) Working Paper, WP 2017-372. http://www.mrrc.isr.umich.edu/wp372.pdf en_US
dc.subject older workers, cognitive decline, physical decline, labor supply en_US
dc.title The Effect of Physical and Cognitive Decline at Older Ages on Work and Retirement: Evidence from Occupational Job Demands and Job Mismatch en_US
dc.title.alternative WP 2017-372 en_US
dc.type Working Paper en_US
dc.subject.hlbsecondlevel Population and Demography
dc.subject.hlbtoplevel Social Sciences
dc.contributor.affiliationum University of Michigan-Ann Arbor en_US
dc.contributor.affiliationother RAND en_US
dc.contributor.affiliationother RAND en_US
dc.contributor.affiliationother RAND en_US
dc.contributor.affiliationumcampus Ann Arbor en_US
dc.description.bitstreamurl https://deepblue.lib.umich.edu/bitstream/2027.42/142346/1/wp372.pdf
dc.owningcollname Retirement Research Center, Michigan (MRRC)
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