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Institutional Affiliation: RAND Corporation
Information about this author at RePEc
NBER Working Papers and Publications
|October 2019||The Effects of Job Characteristics on Retirement|
with Michael D. Hurd, Andrew Parker, Susann Rohwedder: w26332
This paper presents results based on a survey fielded in the RAND American Life Panel that queried older workers about their current, desired, and expected job characteristics, and about how certain job characteristics would affect their retirement. Having access to flexible work hours was found to be the most consistent predictor of retirement expectations. For example, we estimated that the fraction of individuals working after age 70 would be 32.2% if all workers had flexible hours, while the fraction working would be 17.2% if none had the option of flexible hours. We further found that job stress, physical and cognitive job demands, the option to telecommute, and commuting times were also strong predictors of retirement expectations. By comparing workers’ current job characteristics wi...
|August 2019||Current and Desired Job Characteristics of Older Workers and Their Effects on Retirement|
with Michael D. Hurd, Andrew Parker, Susann Rohwedder
in Incentives and Limitations of Employment Policies on Retirement Transitions: Comparisons of Public and Private Sectors, Robert L. Clark and Joseph P. Newhouse, organizers
|November 2018||The Effect of Physical and Cognitive Decline at Older Ages on Job Mismatch and Retirement|
with Michael D. Hurd, Susann Rohwedder, Robert J. Willis: w25229
Physical and cognitive abilities of older workers decline with age, which can cause a mismatch between abilities and job demands, potentially leading to early retirement. We link longitudinal Health and Retirement Study data to O*NET occupational characteristics to estimate to what extent changes in workers’ physical and cognitive resources change their work-limiting health problems, mental health, subjective probabilities of retirement, and labor market status. While we find that physical and cognitive decline strongly predict all outcomes, only the interaction between large-muscle resources and job demands is statistically significant, implying a strong mismatch at older ages in jobs requiring large-muscle strength. The effects of declines in fine motor skills and cognition are not stat...
|July 2012||Estimating Second Order Probability Beliefs from Subjective Survival Data|
with Robert J. Willis: w18258
Based on subjective survival probability questions in the Health and Retirement Study (HRS), we use an econometric model to estimate the determinants of individual-level uncertainty about personal longevity. This model is built around the Modal Response Hypothesis (MRH), a mathematical expression of the idea that survey responses of 0, 50 or 100 percent to probability questions indicate a high level of uncertainty about the relevant probability. We show that subjective survival expectations in 2002 line up very well with realized mortality of the HRS respondents between 2002 and 2010. We show that the MRH model performs better than typically used models in the literature of subjective probabilities. Our model gives more accurate estimates of low probability events and it is able to predict...
Published: Hudomiet, Péter, and Robert Willis. 2013. "Estimating Second Order Probability Beliefs from Subjective Survival Data." Decision Analysis, 10(2): 152-170. PMCID: PMC3882032. DOI. Abstract. citation courtesy of