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How do older workers use nontraditional jobs?

Author

Listed:
  • Munnell, Alicia
  • Sanzenbacher, Geoffrey T.
  • Walters, Abigail N.

Abstract

Working consistently through one's early 60s is key to retirement security. However, workers without access to retirement plans and health insurance will likely struggle to achieve such security. This paper uses the Health and Retirement Study to identify nontraditional jobs – which lack these benefits – and applies sequence analysis to explore how workers aged 50–62 use them. The results suggest that most nontraditional jobs are used by workers consistently, and that fewer workers use these jobs briefly or as a bridge to retirement. Workers consistently in nontraditional jobs end up with less retirement income and are more likely to be depressed.

Suggested Citation

  • Munnell, Alicia & Sanzenbacher, Geoffrey T. & Walters, Abigail N., 2021. "How do older workers use nontraditional jobs?," Journal of Pension Economics and Finance, Cambridge University Press, vol. 20(3), pages 374-392, July.
    • Handle: RePEc:cup:jpenef:v:20:y:2021:i:3:p:374-392_4
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    References listed on IDEAS

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    1. Richard W. Johnson & Janette Kawachi, 2007. "Job Changes at Older Ages: Effects on Wages, Benefits, and Other Job Attributes," Working Papers, Center for Retirement Research at Boston College wp2007-04, Center for Retirement Research, revised Feb 2007.
    2. Lawrence F. Katz & Alan B. Krueger, 2019. "Understanding Trends in Alternative Work Arrangements in the United States," NBER Working Papers 25425, National Bureau of Economic Research, Inc.
    3. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2011. "How Does Occupational Status Impact Bridge Job Prevalence?," Working Papers 447, U.S. Bureau of Labor Statistics.
    4. Lawrence F. Katz & Alan B. Krueger, 2016. "The Rise and Nature of Alternative Work Arrangements in the United States, 1995-2015," Working Papers 603, Princeton University, Department of Economics, Industrial Relations Section..
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    Cited by:

    1. Michael Papadopoulos, 2020. "Reservation Wages and Work Arrangements: Evidence From The American Life Panel," SCEPA working paper series. 2020-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    2. Cheryl Carleton & Mary T. Kelly, 2022. "Happy at Work - Possible at Any Age?," Villanova School of Business Department of Economics and Statistics Working Paper Series 51, Villanova School of Business Department of Economics and Statistics.
    3. Elisabeth Beusch & Arthur Soest, 2020. "Labour Market Trajectories of the Self-employed in the Netherlands," De Economist, Springer, vol. 168(1), pages 109-146, March.

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    More about this item

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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