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Determinants of the Labour Force Status of the Aged

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  • A. D. WOODLAND

Abstract

The determinants of the labour force status of the aged are investigated using surveys of individuals undertaken in Sydney, Adelaide and Melbourne during 1981. The explanatory variables used in the probability models of the labour force status comprise both socio‐demographic and economic variables. The economic variables include wealth proxies. pension eligibility, and the wage rate. The economic variables were shown to be very important determinants of the labour force status of the aged. This is particularly true of the variables relating to eligibility for the age pension.

Suggested Citation

  • A. D. Woodland, 1987. "Determinants of the Labour Force Status of the Aged," The Economic Record, The Economic Society of Australia, vol. 63(2), pages 97-114, June.
    • Handle: RePEc:bla:ecorec:v:63:y:1987:i:2:p:97-114
    DOI: 10.1111/j.1475-4932.1987.tb00642.x
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    References listed on IDEAS

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    1. Parsons, Donald O, 1980. "The Decline in Male Labor Force Participation," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 117-134, February.
    2. Zabalza, A. & Piachaud, D., 1981. "Social security and the elderly: A simulation of policy changes," Journal of Public Economics, Elsevier, vol. 16(2), pages 145-169, October.
    3. Roger H. Gordon & Alan S. Blinder, 1980. "Market Wages, Reservation Wages, and Retirement Decisions," NBER Chapters, in: Econometric Studies in Public Finance, pages 277-308, National Bureau of Economic Research, Inc.
    4. Clark,Robert L. & Spengler,Joseph J., 1980. "The Economics of Individual and Population Aging," Cambridge Books, Cambridge University Press, number 9780521297028, November.
    5. Heckman, James J, 1978. "A Partial Survey of Recent Research on the Labor Supply of Women," American Economic Review, American Economic Association, vol. 68(2), pages 200-207, May.
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    7. repec:bla:ecorec:v:59:y:1983:i:166:p:260-70 is not listed on IDEAS
    8. W. J. Merrilees, 1983. "Pension Benefits and the Decline in Elderly Male Labour Force Participation," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 260-270, September.
    9. Clark, Robert L & Kreps, Juanita & Spengler, Joseph J, 1978. "Economics of Aging: A Survey," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 919-962, September.
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    Cited by:

    1. Randall Filer & Marjorie Honig, 2005. "Endogenous Pensions and Retirement Behavior," CESifo Working Paper Series 1547, CESifo.
    2. Diana Warren, 2008. "Retirement Expectations and Labour Force Transitions: The Experience of the Baby Boomer Generation," Melbourne Institute Working Paper Series wp2008n24, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. Diana Warren & Umut Oguzoglu, 2010. "Retirement in Australia: A Closer Look at the Financial Incentives," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 43(4), pages 357-375, December.

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