ERIC Number: ED343078
Record Type: RIE
Publication Date: 1991-Nov
Reference Count: 0
Racial and Gender Differences in Timing and Factors Associated with Retirement.
Choi, Namkee G.
Numerous studies have analyzed the determinants of early retirement or retirement on time among older men and women. However, not many studies of the determinants of retirement have analyzed racial and gender differences, both between and within groups. Using data from the 1968-1987 interview waves of the Panel Studies of Income Dynamics, this study analyzed the racial and gender differences in timing, and factors associated with the retirement of a sample of 528 older workers. The analysis of the timing of retirement indicated that women are more likely to be retired than men by ages 65-66, and that black males past age 60 have a lower retirement rate than white males. Multivariate analysis also indicated that a black male's retirement is associated with a wider variety of factors than a white male's retirement. A female worker's decision to retire appears to be influenced by a smaller number of variables than that of her male counterpart. Most important, however, is the finding that an older worker's retirement is largely influenced by his or her family's economic needs. This study differs from earlier studies of retirement in the following aspects. First, it utilized an event-history approach for a prospective analysis of determinants of retirement using longitudinal panel data. Second, in its multivariate analysis, this study simultaneously controlled for variables which represented characteristics of both individual workers and their families. (LLL)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: An earlier version of this paper was presented at the Annual Scientific Meeting of the Gerontological Society of America (44th, San Francisco, CA, November 22-26, 1991).