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The Effects of Job Characteristics on Retirement

Péter Hudomiet, Michael D. Hurd, Andrew M. Parker, Susann Rohwedder


This chapter is a preliminary draft unless otherwise noted. It may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised.

Chapter in forthcoming NBER book Incentives and Limitations of Employment Policies on Retirement Transitions: Comparisons of Public and Private Sectors, Robert L. Clark and Joseph P. Newhouse, organizers
Conference held August 9-10, 2019
Forthcoming from Journal of Pension Economics and Finance (Cambridge University Press)

Along with data about actual, desired, and anticipated job characteristics, this paper uses a novel data element, the subjective conditional probability of working at age 70, to estimate the causal effects of job characteristics on retirement in the United States. Having flexible work hours is the most consistent predictor of retirement preferences and expectations: if all current workers had flexible hours, the fraction working at age 70 would be 0.322, but it would be just 0.172 if none had this option. Job stress, physical, and cognitive job demands, the option to telecommute, and commuting times were additional predictors of retirement expectations.

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Document Object Identifier (DOI): https://doi.org/10.1017/S1474747220000025

This chapter first appeared as NBER working paper w26332, The Effects of Job Characteristics on Retirement, Péter Hudomiet, Michael D. Hurd, Andrew Parker, Susann Rohwedder
 
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