IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v39y1980i2p123-136.html
   My bibliography  Save this article

Unemployment as a Factor in Early Retirement Decisions

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.1980.tb01622.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.1980.tb01622.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Clarence D. Long, 1958. "The Labor Force under Changing Income and Employment," NBER Books, National Bureau of Economic Research, Inc, number long58-1.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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.
    3. 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.
    4. Freise, Diana & Schmitz, Hendrik & Westphal, Matthias, 2022. "Late-career unemployment and cognitive abilities," Journal of Health Economics, Elsevier, vol. 86(C).
    5. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eichengreen, Barry & Hatton, Tim, 1988. "Interwar Unemployment in International Perspective," Institute for Research on Labor and Employment, Working Paper Series qt7bw188gk, Institute of Industrial Relations, UC Berkeley.
    2. C. Lee, 1998. "Life Cycle Savings in the United States, 1900-1990," CPE working papers 0014, University of Chicago - Centre for Population Economics.
    3. Ken-Ichi Watanabe, 1982. "An Adaptation of Weintraub’s Model," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 5(2), pages 228-245, December.
    4. James J. Heckman, 2015. "Introduction to A Theory of the Allocation of Time by Gary Becker," Economic Journal, Royal Economic Society, vol. 0(583), pages 403-409, March.
    5. Chad Turner & Robert Tamura & Sean Mulholland & Scott Baier, 2007. "Education and income of the states of the United States: 1840–2000," Journal of Economic Growth, Springer, vol. 12(2), pages 101-158, June.
    6. Arthur Kraft, 1973. "Preference Orderings As Determinants Of The Labor Force Behavior Of Married Women," Economic Inquiry, Western Economic Association International, vol. 11(3), pages 270-284, September.
    7. Ayhan, Sinem H., 2015. "Evidence of Added Worker Effect from the 2008 Economic Crisis," IZA Discussion Papers 8937, Institute of Labor Economics (IZA).
    8. Pedro Nuno Teixeira, 2011. "A reluctant founding father: Placing Jacob Mincer in the history of (labor) economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(5), pages 673-695, December.
    9. Ondřej Dvouletý & Martin Lukeš & Mihaela Vancea, 2020. "Individual-level and family background determinants of young adults’ unemployment in Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(2), pages 389-409, May.
    10. Mercè Sala-Rios & Teresa Torres-Solé & Mariona Farré-Perdiguer, 2018. "Immigrants’ employment and the business cycle in Spain: taking account of gender and origin," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(2), pages 463-490, August.
    11. Julie L. Hotchkiss & M. Melinda Pitts & John C. Robertson, 2008. "The Push-Pull Effects of the Information Technology Boom and Bust," Economic Development Quarterly, , vol. 22(3), pages 200-212, August.
    12. T. Aldrich Finegan & Robert A. Margo, 1993. "Added and Discouraged Workers in the Late 1930s: A Re-Examination," NBER Historical Working Papers 0045, National Bureau of Economic Research, Inc.
    13. Claudia Goldin, 2006. "The Quiet Revolution That Transformed Women's Employment, Education, and Family," American Economic Review, American Economic Association, vol. 96(2), pages 1-21, May.
    14. Ashwini Deshpande, 2022. "The Covid-19 pandemic and gendered division of paid work, domestic chores and leisure: evidence from India’s first wave," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(1), pages 75-100, April.
    15. Deshpande, Ashwini, 2020. "The COVID-19 Pandemic and Gendered Division of Paid and Unpaid Work: Evidence from India," IZA Discussion Papers 13815, Institute of Labor Economics (IZA).
    16. Melvin Stephens, 2002. "Worker Displacement and the Added Worker Effect," Journal of Labor Economics, University of Chicago Press, vol. 20(3), pages 504-537, July.
    17. Ángel L. Martín‐Román & Jaime Cuéllar‐Martín & Alfonso Moral, 2020. "Labor supply and the business cycle: The “bandwagon worker effect”," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1607-1642, December.
    18. Reuben Gronau, 2003. "Jacob Mincer and Labor Supply–Before and Aftermath," Review of Economics of the Household, Springer, vol. 1(4), pages 319-329, December.
    19. Ayhan, Sinem H., 2014. "How Do Married Women Respond When Their Husbands Lose Their Jobs? Evidence from Turkey During the Recent Crisis," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100387, Verein für Socialpolitik / German Economic Association.
    20. Sherwin Rosen, 1992. "Distinguished Fellow: Mincering Labor Economics," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 157-170, Spring.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:39:y:1980:i:2:p:123-136. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.