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ERIC Number: ED556729
Record Type: Non-Journal
Publication Date: 2013-Dec
Pages: 52
Abstractor: ERIC
Reference Count: 23
ISBN: N/A
ISSN: N/A
How Education Pays off for Older Americans. Report #C410
Hartmann, Heidi; Hayes, Jeff
Institute for Women's Policy Research
The purpose of this study is to identify the role that higher education plays in employment, earnings, and occupations held by women and men beyond the traditional retirement age of 65 years. The major value of the study lies in its ability to inform policymakers about the working lives of older Americans and about any needed policy changes. Women and men considering occupational changes and college entry or re-entry later in life, as well as educational and vocational counselors, may find the results of interest. This study addresses four research questions: "How do employment and work hours among employed older Americans vary by gender as men and women age into the traditional retirement years, and how do these patterns differ at different levels of educational attainment? (2) Among those employed, does the hourly earnings premium for higher education rise or fall beyond the traditional retirement age of 65 and do the premiums differ by gender? (3) How do projected total earnings at and beyond the age of 65 years vary for men and women according to levels of educational attainment? (4) How do occupations differ for men and women across age and education? To examine these questions the study analyzes data from the 2005-2009 American Community Survey (US Census Bureau, 2010). The survey provides information on age, sex, educational attainment, employment status, occupation, earnings, and weeks and hours of work (information on hours worked was supplemented by use of the Current Population Survey.) The following figures are included in the appendix: (1) Estimated Size of Population and Labor Force by Gender and Age; and (2) Percent of Women and Men With a Bachelor's Degree or Higher by Age. The following tables are also included in the appendix: (1) Number of Observations on Older Men and Women by Educational Attainment, Employees Only, in the Five-Year ACS Sample; (2) Regression Model of Hourly Wages; (3) OLS Predicted Values of Wage Levels for Women and Men by Education and Age; and (4) Sample Selection Model.
Institute for Women's Policy Research. 1200 18th Street NW, Suite 301, Washington, DC 20036. Tel: 202-833-4362; Fax: 202-785-5100; e-mail: iwpr@iwpr.org; Web site: http://www.iwpr.org
Publication Type: Reports - Research; Information Analyses
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Alfred P. Sloan Foundation
Authoring Institution: Institute for Women's Policy Research (IWPR)