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Unemployment as a Factor in Early Retirement Decisions

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  • Sally Bould

Abstract

. Is retiring early a way for older workers to cope with the stigma and discouragement of unemployment? A regression analysis using the National Longitudinal Survey sample of American men age 52–64 in 1973 shows that weeks of previous unemployment is significantly related to early retirement for both Black and White males. This relationship holds when controlling for social security and pension eligibility, assets, health limitations, family responsibilities, occupation, changes in the unemployment rate and urban residence. The results suggest that social policy concerning retirement prior to age 65 should take into account the important role of unemployment in pushing workers out of the labor force into early retirement.

Suggested Citation

  • Sally Bould, 1980. "Unemployment as a Factor in Early Retirement Decisions," American Journal of Economics and Sociology, Wiley Blackwell, vol. 39(2), pages 123-136, April.
    • Handle: RePEc:bla:ajecsc:v:39:y:1980:i:2:p:123-136
    DOI: 10.1111/j.1536-7150.1980.tb01622.x
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    References listed on IDEAS

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    1. Clarence D. Long, 1958. "The Labor Force under Changing Income and Employment," NBER Books, National Bureau of Economic Research, Inc, number long58-1.
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    Cited by:

    1. Zou, Tieding & Ye, Hang, 2013. "公平与效率对养老改革的双重约束——延迟退休？还是并轨？ [Fairness and Efficiency were the Double Constraints of Pension Reform——Delay Retirement ? or Incorporation ?]," MPRA Paper 60895, University Library of Munich, Germany, revised 05 Jan 2014.
    2. Freise, Diana & Schmitz, Hendrik & Westphal, Matthias, 2022. "Late-career unemployment and cognitive abilities," Journal of Health Economics, Elsevier, vol. 86(C).
    3. Zeynep Copur & Michael S. Gutter, 2019. "Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case," Journal of Family and Economic Issues, Springer, vol. 40(2), pages 305-322, June.
    4. Margo Robert A., 1993. "The Labor Force Participation of Older Americans in 1900: Further Results," Explorations in Economic History, Elsevier, vol. 30(4), pages 409-423, October.
    5. Pablo Casas & Concepción Román, 2024. "The impact of artificial intelligence in the early retirement decision," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(3), pages 583-618, August.

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