Leaving Retirement AgeGraded Relative Risks of T

Authors: Ben Lennox Kail David F Warner

Publish Date: 2012/09/22

Volume: 32, Issue: 2, Pages: 159-182

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Abstract

Demographic research has documented the agegraded risk of returning to work after a period of retirement few studies however have disaggregated this risk into the different forms work takes in later life Moreover prior research has not explored the agegraded risk of reretiring after reentry This study uses the 1992–2008 Health and Retirement Study to first examine the agegraded and duration dependent risks of transitioning to fulltime work parttime work and mortality from full retirement Second this study documents the agegraded duration of reemployment and the agegraded risk of reretiring Results from multidecrement life tables indicate reemployment both occurs more frequently and lasts longer than previously estimated The gender differences in risk of reemployment are modest although women are at greater risk of returning to parttime work whereas men are at greater risk of returning to fulltime work Additionally retirees from servicesproducing industries are at lower risk of transitioning to work but greater risks of mortality suggesting retirement is a less permanent feature in the life course of retirees from goodsproducing industries Finally the results suggest Social Security benefit eligibility plays a part in reducing reentry at later ages

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