Retirement against the demographic trend: More older people living longer, working less, and saving less?

The American population is aging rapidly and individuals are living longer. Yet Americans are saving less and older workers are leaving the labor force at younger and younger ages. The accelerated drop in labor force participation corresponds roughly to the introduction of Social Security and the adaption of employer-provided pension plans. I have illustrated that Social Security and employer-provided pension plans provide substantial incentive to leave the labor force early. The quantitative effect of this inducement is illustrated by simulating the effects of changes in pension plan and Social Security provisions on the retirement decisions of employees in a large firm, who are covered by a typical defined benefit pension plan. Scheduled Social Security changes would have little effect on the retirement decisions of employees with a typical defined benefit pension plan like the one considered here. But if the pension plan provisions were changed to correspond to the Social Security changes, the effect would be very large. And, although not contemplated by current legislation, it is clear that an increase in the Social Security early retirement age would have a substantial effect on the early retirement rates of the large number of employees not covered by a pension plan.     

Economic development and labor force participation of older persons

The effect of economic development on labor force participation rates of older men and women is examined using national data for 134 countries. The analysis provides new insights into the evolution of retirement patterns with rising personal income, slowing population growth, the aging of the population, and shifts in the composition of employment. The analysis indicates a negative relationship between per capita income and labor force participation rates. This relationship is stronger for older men than for older women and is most apparent among middle income countries. An older population is associated with lower participation rates for older men and higher widow rates produce higher participation rates among older women. Industrial changes such as a decline in the proportion of the labor force employed in agriculture lower the proportion of older persons in the labor force. Finally, national social security policies are shown to impact the proportion of older persons that remains in the labor force.     

Gender differences in retirement decisions in Hong Kong

The study of labor force participation at older ages and the process of retirement do not have a long tradition in Asia's newly developed societies. This study, based on telephone survey of 950 respondents, examines various socio-economic factors that would influence retirement decision among older workers in Hong Kong. The findings show that older men were more likely to participate in the labor force than older women. Interestingly, older workers, in particular older women, with pension were less likely to retire. Having a working spouse decreased the likelihood of retirement and older workers, in particular older women, living with married children were more likely to retire. Poor health also discourages the propensity to continue working at old age. These findings confirm that retirement entails much more than just a decision to stop work, and that there were gender differences in retirement decision. Finally, several policy challenges, with reference to elderly women, concerning older workers' labor force participation were discussed.     

退休年龄对劳动参与率的影响

自1951年以来。中国的退休政策并未随着平均寿命、经济发展等情况的变化做出大的改变。每年有成千上万的老年劳动者,在其仍有劳动意愿和劳动能力的情况下,因为政策的规定离开工作岗位。过低的退休年龄使得我国的劳动参与率被潜在的低估,如果调整现行退休政策,将修正劳动参与率、减少“人口负债”期问题、缓解未来养老金收支失衡压力和挤压劳动力市场。     

Relative Cohort Size,Relative Income,and Married Women's Labor Force Participation: United States, 1968–2010

Relative cohort size—the ratio of young adults to prime‐age adults—and relative income—the income of young adults relative to their material aspirations—have experienced substantial changes over the past 40 years. Results here show that changes in relative cohort size explain about 60 percent of the declines in women's starting wage—both relative and absolute—in 1968–82, and 97 percent of its increase in 1982–2001. Relative income is hypothesized to affect a number of behavioral choices by young adults, including marriage, childbearing, and female labor force participation, as young people strive to achieve their desired standard of living. Older family income—the denominator in a relative income variable—increased by 59 percent between 1968 and 2000, and then declined by 9 percent. Its changes explain 47 percent of the increase in the labor force participation of white married women in their first 15 years out of school between 1970 and 1990, and 38 percent of the increase in hours worked in the same period. The study makes use of individual‐level measures of labor force participation and employs the lagged income of older families in a woman's year‐state‐race‐education group to instrument parental income and hence material aspirations.     

Differences in labour force participation by motherhood status among second-generation Turkish and majority women across Europe

Second-generation Turkish immigrants make up an increasingly important segment of European labour markets. These young adults are entering the prime working ages and forming families. However, we have only a limited understanding of the relationship between labour force participation and parenthood among second-generation Turkish women. Using unique data from the Integration of the European Second Generation survey (2007/08), we compared the labour force participation of second-generation Turkish women with their majority-group counterparts by motherhood status in four countries. We found evidence that motherhood gaps, with respect to labour force participation, were similar for majority and second-generation Turkish women in Germany and in Sweden; however, there may be larger gaps for second-generation mothers than for majority women in the Netherlands and France. Cross-national findings were consistent with the view that national normative and social policy contexts are relevant for the labour force participation of all women, regardless of migrant background.     

Demographics,the Third Age and partial retirement: Policy proposals to accommodate the changing picture of female retirement in Canada

Much concern has been raised around the potential impact of the retirement of the large baby boom generation. This article specifically addresses the unique issues surrounding the retirement of female baby boomers. Demographic changes, including increased labor force participation, coupled with declining fertility rates, have resulted in a social transformation of the roles women play in society. Despite these changes, women still bear much of the caregiving responsibilities in the household, which can complicate retirement choices. This article examines female retirement in the Canadian context and presents three policy proposals to expand women’s retirement choices, encourage longer-term labor force participation, and thereby extend their working lives into the Third Age.     

Mobility,Stagnation, or Attrition? Diverse Earning Trajectories in a Cohort of Foreign‐born Men

Researchers and policymakers frequently debate about the integration of immigrants into the US economy. These debates are often based on limited data that do not capture the diversity of immigrants who arrived in the later twentieth century. Related research has also struggled to incorporate the experience of short‐term immigrants or immigrants who move in and out of the labor force. Using records from the Social Security Administration, we track the complete cohort of foreign‐born men who received social security numbers in 1978 through their subsequent working years and characterize their earning trajectories. We find that the share of foreign‐born men with low earnings declined over time, mainly due to attrition from the formal labor force. We also show, for the first time, that immigrants’ employment and earning histories vary considerably by their countries of origin: while those from several countries in Asia and Africa experienced substantial earnings growth and tended to stay in the United States for the long term, men from Central America and the Caribbean experienced more stagnation and had high levels of temporary and permanent attrition from the formal labor force. We end by discussing the historical contingencies and socioeconomic contexts—in sending countries and the United States—that shaped these trajectories.     

Changes in the retirement process among older men in the United States: 1972–1980

Recent changes in older men's retirement patterns are investigated for the United States. The results show that labor force incumbents, particularly those in secondary occupations, experienced increases in the volume of both retirement and reentry to the labor force. In addition, although working life expectancy remained relatively stable across occupations, men in secondary occupations spent increasingly greater portions of their work lives in postretirement jobs. Finally, large increases in nonworking life expectancy occurred because of substantial increases in life expectancy. In several occupations, however, declines in working life expectancy were major contributors to increases in nonworking life expectancy.     

A Standardized dependency ratio

The dependency ratio is a measure of the effect which demographic factors exert on standards of living. It is usually defined either as the ratio of the young and the aged population to the working age population, or as the ratio of the population which does not participate in the labor force to that which does. But the consumption requirements of dependents may vary with their age. Therefore, variations in the real burden of maintaining a dependent population need not be positively associated with variations in its relative size; for example, when a decrease in the relative number of all dependents is accompanied by an increase in that of the aged.Furthermore, under the labor-force participation definition of dependency, inter-temperal and international variations are complicated because the population's average participation rate does not vary only with changes in its age distribution, but with changes in the social norms which regulate working habits.In this paper, adult-equivalence scales derived from family budget studies were used to make dependents of various ages comparable in terms of the maintenance burden they create. Similarly, constant labor-force participation rates were used to obtain estimates of the size of the population carrying this burden. When thus estimated, international differences in the dependency load are shown to be much smaller than is suggested by the normally used unweighted index.     

Female Professional Work Opportunities: A Cross-National Study

While economic development has been associated with increased participation of females in the labor force, it remains problematic whether sexual equality within the labor force has also increased. This study examines the differentiation of structural variables, specifically economic and demographic variables, on female participation and sexual equality within a specific sector of the labor force: the professions. The units of analysis are primarily European countries with the inclusion of the United States, Canada, Australia and New Zealand. The findings indicate that those economic development factors (female higher education enrollment rate and professional demand) significantly related to the female professional participation rate are distinct from those structural factors (economic growth rate, working age male deficiency) affecting sexual equality within the professional sector.     

Korean patterns of women's labor force participation during the period, 1960-1980

"This article investigates how the patterns of Korean women's labor force participation have changed during the 1960s and the 1970s, [periods] of rapid economic development and social changes. The discussion focuses on the comparison of three sets of cross-sectional data derived from the 1960, 1970 and 1980 [Republic of Korea] censuses. Although not dramatic, the gross rates of women's labor force participation show an upward trend. A very high and rapidly increasing rate of rural women's labor force participation did not result in a big increase in the total rate because of the significant rise in the proportion of the population living in urban areas. However, the employment structure and patterns of women's labor force participation have changed significantly, especially in urban areas."     

The Internetization of International Migration

The Internet has revolutionized our economies, societies, and everyday lives. Many social phenomena are no longer the same as they were in the pre‐Internet era: they have been “Internetized.” We define the Internetization of international migration, and we investigate it by exploring the links between the Internet and migration outcomes all along the migration path, from migration intentions to actual migration. Our analyses leverage a number of sources, both at the micro‐ and the macro‐level, including the Gallup World Poll, the Arab Barometer, data from the International Telecommunication Union, the Italian population register, and unique register data from a migrant reception center in Southern Italy. We also distinguish between economic migrants—those who leave their country of origin with the aim of seeking better economic opportunities elsewhere—and political migrants—those who are forced to leave their countries of origin for political or conflict‐related reasons. Our findings point to a consistently positive relationship between the diffusion of the Internet, migration intentions, and migration behaviors, supporting the idea that the Internet is not necessarily a driving force of migration per se, but rather an enabling “supportive agent.” These associations are particularly relevant for economic migrants, at least for migration intentions. Further analyses underscore the importance of the Internet in providing a key informational channel which helps to define clearer migration trajectories.     

Families,social life,and well-being at older ages

As people age, many aspects of their lives tend to change, including the constellation of people with whom they are connected, their social context, their families, and their health—changes that are often interrelated. Wave I of the National Social Life, Health, and Aging Project (NSHAP) has yielded rich information on intimate ties, especially dyads and families, and on social connections generally. Combined with extensive biological and other health measures, NSHAP enables researchers to address key questions on health and aging. We begin with recent findings on intimate dyads, then move to social participation, and finally to elder mistreatment. Among dyads, we find that whereas sexual activity drops sharply with age for both women and men, gender differences in partner loss as well as psychosocial and normative pressures constrain women’s sex more than men’s. However, surviving partnerships tend to be emotionally and physically satisfying and are marked by relatively frequent sex. In contrast to sex, nonsexual intimacy is highly prevalent at older ages, especially among women. Older adults are also socially resilient—adapting to the loss of social ties by increasing involvement with community and kin networks. Despite these social assets, older adults remain vulnerable to mistreatment. Overall, these findings yield a mixed picture of gender-differentiated vulnerabilities balanced by proactive adaptation and maintenance of social and dyadic assets.     

Fertility,life cycle stage and female labor Force participation in Rhode Island: A retrospective overview

Considerable historical evidence indicates a long term increase in female labor force participation in the United States during the twentieth century. However, there are only limited data available for analyzing this secular trend in any depth. Comprehensive retrospective data for a representative sample of 1,578 once-married Rhode Island women are utilized to examine the changing historical relationships between female work participation in selected life cycle intervals and educatonal attainment. The data indicate that there has been a recent convergence of labor force rates between better and less educated women, in some instances reversing the traditional pattern of higher labor force rates for less educated women. This convergence reflects primarily an extraordinary in-crease in labor force participation for women with at least twelve years of school at all stages of the childbearing period. Also highlighted is the close relationship between labor force participation in one life cycle interval and probability of participation in subsequent intervals. It is found that working or not working in one life cycle is a useful predictor of subsequent work participation. Also, a greater tendency for more recent cohorts of women to re-enter the labor force after childbearing is noted.     

Part-time jobs: what women want?

Part-time jobs are common among partnered women in many countries. There are two opposing views on the efficiency implications of so many women working part-time. The negative view is that part-time jobs imply wastage of resources and underutilization of investments in human capital since many part-time working women are highly educated. The positive view is that, without the existence of part-time jobs, female labor force participation would be substantially lower since women confronted with the choice between a full-time job and zero working hours would opt for the latter. In the Netherlands, the majority of partnered working women have a part-time job. Our paper investigates, from a supply-side perspective, if the current situation of abundant part-time work in the Netherlands is likely to be a transitional phase that will culminate in many women working full-time. Our main results indicate that partnered women in part-time work have high levels of job satisfaction, a low desire to change their working hours, and live in partnerships in which household production is highly gendered. Taken together, our results suggest that part-time jobs are what most Dutch women want.     

Falling Short of Highest Life Expectancy: How Many Americans Might Have Been Alive in the Twentieth Century?

Life expectancy at birth in the United States during the twentieth century was lower than in many other highly developed countries. We investigate how this mortality disadvantage in the last 100 years translates into the number of hypothetical lives lost and their sex and age structure. We estimate the hypothetical US population if it had experienced in each decade since 1900 the mortality level of the country with the then highest life expectancy and compare the results to the actual figures in 2000. By 2000, the number of additional people who could have been alive had the mortality levels in the United States been as low as those in countries with the highest life expectancy was 66 million. This number is distributed equally between males and females. Suboptimal mortality at reproductive ages is crucial for the cumulative effect of potential lives lost, resulting from premature deaths of women who could still become first‐time mothers or bear additional children. Out of the 66 million additional persons who could have been alive in 2000, 45 million are attributable to those indirect deaths. Although the differences in the composition of the population by sex and age under the two mortality regimes are minor, the majority of people who might have been alive—54 million—were of working age or younger.     

Promoting older women's health and well-being through social leisure environments: what we have learned from the Red Hat Society

The purpose of this study was to describe the ways that participation in a leisure organization contributed to the health and wellbeing of middle-aged and older women. We analyzed 1,693 members' responses to a query about meaningful experiences garnered through participation in the Red Hat Society. Results suggested that older women's lives have been enriched and changed by their experiences, with the women in this study citing multiple psychosocial health benefits from their participation in the Red Hat Society. Main themes encapsulating these health benefits were creating happy moments, responding to transitions and negative events, and enhancing the self. These findings are related to research on positive psychology, social support and coping, transformative leisure processes, and social identity formation. We conclude by providing suggestions for applying these findings to leisure and health promotion programming to enhance women's health and well-being in later life.     

The State Socialist Mortality Syndrome

Death rates for working-age men in European state socialist countries deviated from general improvements in survival observed in the rest of Europe during the 20th century. The magnitude of structural labor force changes across countries correlates with lagged increases in death rates for men in the working ages. This pattern is consistent with a hypothesis that hyper-development of heavy industry and stagnation (even contraction) of the service sector created anomic conditions leading to unhealthy lifestyles and self-destructive behavior among men moving from primary-sector to secondary-sector occupations. Occupational contrasts within countries similarly show concentration of rising male death rates among blue collar workers. Collapse of state socialist systems produced rapid corrections in labor force structure after 1990, again correlated with a fading of the state socialist mortality syndrome in following decades.     

The Legacy of the Great Recession in Italy: A Wider Geographical,Gender, and Generational Gap in Working Life Expectancy

Under the pressure of population aging the Italian pension system has undergone reforms to increase labor force participation and retirement age, and, thus, the length of working life. However, how the duration of working life has developed in recent years is not well understood. This paper is the first to analyze trends in working life expectancy in Italy. We use data from a nationally representative longitudinal sample of 880,000 individuals from 2003 to 2013 and estimate working life expectancy by gender, occupational category, and region of residence using a Markov chain approach. We document large and increasing heterogeneity in the length of working life. From 2003–2004 to 2012–2013, working life expectancy for men declined from 35.2 to 27.2 years and for women from 34.7 to 23.7 years, increasing the gender gap to 3.5 years. Both young and old were hit, as roughly half of the decline was attributable to ages below 40, half above 40. Working life expectancy declined for all occupational groups, but those in manual occupations lost most, 8.5 years (men) and 10.5 years (women). The North–South economic gradient widened such that men living in the North were expected to work 8 years longer than women living in the South. The fraction of working life of total life expectancy at age 15 declined to record lows at 40% for men and 34% for women in 2012–2013. Policies aiming at increasing total population working life expectancy need to take into consideration the socio-demographic disparities highlighted by our results.