John F. McCabe
Population Studies Center
3718 Locust Walk
Philadelphia, PA 19104-6209
NBER Working Papers and Publications
|December 2006||Cross-Cohort Differences in Health on the Verge of Retirement|
with Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily: w12762
Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as retirees. Instead, we focus on how this group compares with prior groups on the verge of retirement, that is, at ages 51-56. Accordingly, this chapter evaluates the stock of health which Early Boomers bring to retirement and compare these to the circumstances of two prior cohorts at the same point in their life cycles. Using three sets of responses from the Health and Retirement Study, we find some interesting patterns. Overall, the raw evidence indicates that Boomers on the verge of retirement are...
Published: Madrian, Brigitte, Olivia S. Mitchell, & Beth Soldo (eds.) Redefining Retirement: How Will Boomer Fair? Oxford, UK: Oxford University Press, 2007.