Shocks and Transitions from Career Jobs to Bridge Jobs and Retirement: A New Approach
dc.contributor.author | Ameriks, John | |
dc.contributor.author | Briggs, Joseph | |
dc.contributor.author | Caplin, Andrew | |
dc.contributor.author | Lee, Minjoon | |
dc.contributor.author | Shapiro, Matthew D. | |
dc.contributor.author | Tonetti, Christopher | |
dc.date.accessioned | 2018-08-29T18:14:42Z | |
dc.date.available | 2018-08-29T18:14:42Z | |
dc.date.issued | 2018-02 | |
dc.identifier.citation | Ameriks, John, Joseph Brigg, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Matthew D. Shapiro. 2018. “Shocks and Transitions from Career Jobs to Bridge Jobs and Retirement: A New Approach.” Ann Arbor MI: University of Michigan Retirement Research Center (MRRC) Working Paper, WP 2018-380. http://mrrc.isr.umich.edu/publications/papers/pdf/wp380.pdf | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/145484 | |
dc.description.abstract | This research provides new empirical evidence on late-life labor market activities of American households from a new survey implemented under the Vanguard Research Initiative. The survey features following innovations: It measures detailed job characteristics not only of a career job but also of post-career bridge jobs; it examines reasons of leaving a career job and whether households would have changed their decisions under counterfactual situations; it examines post-career job search behavior of households. The research finds that, even though a direct transition from a career job to full retirement is still the most common pattern, a significant fraction of older Americans reveal interest in working beyond the career job. Within this sample of older Americans with positive financial assets, 38% of had a post-career bridge job and another 7% of them looked for a post-career employment opportunity. Low health or bad business conditions were the not the main reason for leaving the career job. Yet, for the minority of those who did leave career jobs owing to low health or bad economic conditions, had they counterfactually had better health or economic conditions, they likely would have decided to work longer. Those who work longer on their career job or have a post-career bridge job tend to work fewer hours, have a flexible schedule, and receive lower hourly wages. | en_US |
dc.description.sponsorship | Social Security Administration, RRC08098401-09, UM17-04. National Institute on Aging P01-AG026571 | 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 2018-380 | en_US |
dc.subject | older workers, retirement transitions | en_US |
dc.title | Shocks and Transitions from Career Jobs to Bridge Jobs and Retirement: A New Approach | en_US |
dc.title.alternative | WP 2018-380 | 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 | The Vanguard Group, Inc. | en_US |
dc.contributor.affiliationother | Federal Reserve Board | en_US |
dc.contributor.affiliationother | New York University | en_US |
dc.contributor.affiliationother | Carleton University | en_US |
dc.contributor.affiliationother | Stanford University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | https://deepblue.lib.umich.edu/bitstream/2027.42/145484/1/wp380.pdf | |
dc.description.filedescription | Description of wp380.pdf : Working paper | |
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.