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.     

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.     

Occupational status scores: Changes introduced by the inclusion of women

This paper examines the impact of women’s labor force participation on occupational scores by comparing occupational status scores based on the characteristics of the 1970 male labor force with a set of occupational status scores based on the characteristics of the total 1970 labor force. Although the two sets of scores are highly correlated, important differences are found in the scores for specific occupations as well as for major occupational groups. Using the traditional list of 12 major occupational categories, we find that the positions of clerical workers and craftsmen are reversed when status scores are derived from data on all incumbents in the labor force rather than on male incumbents alone. The paper suggests that, with the increased participation of women in the labor force and the concomitant change in the sex composition of the work force, the traditional approaches to the measurement of occupational status based solely on male incumbents may no longer be valid for examining the occupational hierarchy of contemporary American society.     

Measuring years of inactivity,years in retirement,time to retirement,and age at retirement within the Markov model

Retirement-related concepts are treated as random variables within Markov process models that capture multiple labor force entries and exits. The expected number of years spent outside of the labor force, expected years in retirement, and expected age at retirement are computed—all of which are of immense policy interest but have been heretofore reported with less precisely measured proxies. Expected age at retirement varies directly with a person’s age; but even younger people can expect to retire at ages substantially older than those commonly associated with retirement, such as age 60, 62, or 65. Between 1970 and 2003, men allocated most of their increase in life expectancy to increased time in retirement, but women allocated most of their increased life expectancy to labor force activity. Although people can exit and reenter the labor force at older ages, most 65-year-old men who are active in the labor force will not reenter after they eventually exit. At age 65, the probability that those who are inactive will reenter the labor force at some future time is .38 for men and .27 for women. Life expectancy at exact ages is decomposed into the sum of the expected time spent active and inactive in the labor force, and also as the sum of the expected time to labor force separation and time in retirement.     

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.     

Do Not Go Gentle Into That Good Night: The Effect of Retirement on Subsequent Mortality of U.S. Supreme Court Justices, 1801–2006

Mortality hazard and length of time until death are widely used as health outcome measures and are themselves of fundamental demographic interest. Considerable research has asked whether labor force retirement reduces subsequent health and its mortality measures. Previous studies have reported positive, negative, and null effects of retirement on subsequent longevity and mortality hazard, but inconsistent findings are difficult to resolve because (1) nearly all data confound retirement with unemployment of older workers, and often, (2) endogeneity bias is rarely addressed analytically. To avoid these problems, albeit at loss of generalizability to the entire labor force, I examine data from an exceptional subgroup that is of interest in its own right: U.S. Supreme Court justices of 1801–2006. Using discrete-time event history methods, I estimate retirement effects on mortality hazard and years-left-alive. Some substantive and methodological considerations suggest models that specify endogenous effects estimated by instrumental variables (IV) probit, IV Tobit, and IV regression methods. Other considerations suggest estimation by endogenous switching (ES) probit and ES regression. Estimates by all these methods are consistent with the hypothesis that, on average, retirement decreases health, as indicated by elevated mortality hazard and diminished years-left-alive. These findings may apply to other occupational groups characterized by high levels of work autonomy, job satisfaction, and financial security.     

Industrial shifts,female employment,and occupational differentiation: a dynamic model for American cities, 1960–1970

Sex-linked occupational differentiation has been seen as influenced by both the industrial structure of the economy and the sex composition of the labor force. Here, with a sample of 70 SMSAs, it was found (a) that the odds of men relative to women of joining professional and managerial occupations increased between 1960 and 1970, and (b) that this increase was dependent on the growth of tertiary industries and the greater number of women joining the cash economy. The observed effect of industrial shifts on sex-occupational differentiation, however, is argued to be a spurious consequence of the gender-composition of the work force. Specifically, the development of tertiary industries generates greater demand for female labor. Intensive recruitment of women to the labor force in turn increases occupational differentiation because females, in sex-typed labor markets, are likely to be channeled in disproportionate numbers away from upper-status occupations. The findings demonstrate that traditional modernization theory is unable to account for this. However, the results lend support to expectations derived from a labor market sex-segmentation approach.     

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。     

The changing U. S. labor force and occupational differentiation by sex

The degree of occupational differentiation by sex in the U.S. labor force is examined utilizing various measures and occupational classifications over the period 1900-1970. A consideration of comparable occupations over time indicates that while occupational differentiation by sex is still substantial, an irregular, measurable decline in that differentiation has occurred during this century. Existing labor force structure seems relatively unimportant in explaining this ongoing change. Apparently more significant are social and historical factors as they have influenced specific occupations in certain decades.     

Pension reform, employment by age, and long-run growth

We study the effects of pension reform on hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate growth in a four-period OLG model. The model explains important facts well for many OECD countries. Our simulation results prefer an intelligent pay-as-you-go system above a fully funded private system. Positive effects on employment and growth are the strongest when the pay-as-you-go system includes a tight link between individual labor income and the pension, and when it attaches a high weight to labor income earned as an older worker to compute the pension assessment base.     

Facilitating longer working lives: International evidence on why and how

The article advances the view that social and economic choices in societies can reasonably adjust as the age structure of the population changes; in particular, some of the bounty of longer lives can reasonably be allocated to prolonging the labor force participation of older workers. Data on reductions in mortality and, in some countries, declines in disability are presented in ways that help to clarify that prolonged working lives may be a natural concomitant of living longer. The article reviews the problems inherent in the combination of living longer and reducing labor force participation at older ages. It discusses two ways to facilitate longer working lives: (1) eliminating penalties on work at older ages—inherent in the provisions of the social security programs in many countries—that induce older persons to leave the labor force at younger ages; and (2) correcting a false rationale—the “boxed economy” view of the labor market—that is often used to support retention of the provisions that induce older persons to leave the labor force.     

Individual mobility,population growth and labor force participation

Trends in labor force participation rates and the age of retirement are shown to be important determinants of upward mobility. Reductions in age specific participation rates increase the speed of movement through the employment hierarchy. In conjunction with economic development, the falling labor force participation of older men acts to offset the adverse effects of slowing population growth on promotional prospects. These conclusions are reached by extending a model of employment status developed by Keyfitz to limit employment competition to only those actually in the labor force.     

Work and Retirement Among a Cohort of Older Men in the United States, 1966–1983

Multivariate increment-decrement working life tables are estimated for a cohort of older men in the United States for the period 1966-1983. The approach taken allows multiple processes to be simultaneously incorporated into a single model, resulting in a more realistic portrayal of a cohort's late-life labor force behavior. In addition, because the life table model is developed from multivariate hazard equations, we identify the effects of sociodemographic characteristics on the potentially complex process by which the labor force career is ended. In contrast to the assumed homogeneity of previous working life table analyses, the present study shows marked differences in labor force mobility and working and nonworking life expectancy according to occupation, class of worker, education, race, and marital status. We briefly discuss the implications of these findings for inequities of access to retirement, private and public pension consumption, and future changes in the retirement process.     

延迟退休的影响效果分析

近年来．延迟退休的问题引发了学术界和社会大众的广泛讨论。本文将研究视点放在提高退休年龄对养老金支付和劳动力就业的影响效果方面。通过构建不同的计量模型,实际估算了延迟退休对养老保险基金收支变化的影响．以及对劳动力市场的就业挤出效应。结果发现：提高法定退休年龄对养老金缺口存在一定的补偿效应。但从短期来看效果有限;而对就业总量的确将产生挤出效应。并发现,老年人就业岗位与青年人就业岗位之间存在替代性,也就是说延迟退休将严重影响青年人的就业。因此建议政府要慎重考虑并只能在适当的时机推动延迟退休。     

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.     

From new entries to retirement: The changing age composition of the U.S. male labor force by industry

The process whereby the age composition of an industry is formed appears to be largely a function of past rates of growth in employment; the social (or institutional) framework sets limits and affects the ensuing age composition but relatively little. The following types will illustrate this process. 1. Consider an industry which has increased considerably more rapidly in employment over several decades than has the total labor force. The rapid growth brings in a disproportionately large share of youth who are first entering the labor market; other younger workers move from slowly growing (or declining) industries. These movements add many more younger workers. On the other hand, there is little, if any, unemployment in the industry so that there are few pressures being exerted on the older workers to retire, and relatively few will retire. Under these circumstances the age composition will be younger than tliat of the entire male working force. 2. Consider an industry which has grown slowly, if at all, for some time. There will be comparatively fewer (in comparison with the first example) new entries and less mobility from other industries. The men already engaged in this industry will continue to work there; they gradually become older and are not counterbalanced by increasing numbers of young workers. Unemployment is likely to be higher, leading to a higher retirement rate. There are also likely to be large numbers of men a decade or two under the retirement age-the heritage of an "ancient" period when the industry had experienced significant increases in employment; these add pressure on the older men and more retire. The age composition of such an industry gradually veers toward the older side; it is considerably older than that of the entire male working force. At any given moment of time most industries will reflect variable past growth rates. For example, one industry may have a very large proportion of young workers because it grew very rapidly in employment only during the decade prior to the time of study (i.e., the time of a decennial census); another may have a large proportion in the middle ages reflecting very rapid growth two or three decades earlier, followed by very slow growth in the decade prior to the time of study; and so forth.In light of the foregoing analysis, it appears that technological change, as measured by average annual changes in output per worker, has little bearing on the age composition of an industry. Conversely, the latter probably does not affect changes in output per worker.     

Dimensions of Gender Occupational Differentiation in Segregation and Inequality: A Cross-National Analysis

The present research: (a) distinguishes between measures of gender occupational segregation and measures of gender occupational inequality, and (b) examines whether occupational segregation and occupational inequality are differentially related to structural characteristics of national labor markets. Analysis of data from 56 nations shows that measures of nominal segregation are not equivalent to measures of hierarchical inequality. Nominal segregation seems to increase with industrialization and in the presence of service industries but decreases as female labor force participation increases. By contrast, occupational inequality seems to decrease with industrialization and in the presence of service industries but to increase as both female labor force participation and level of educational inequality rise. The data further demonstrate that nominal segregation and ordinal status inequality are interrelated. Where nominal segregation is high, women's relative representation in high status occupations tends to rise. We argue that occupational segregation should not be equated with occupational inequality, and that theoretical propositions regarding gender-occupational segregation may not be applicable to issues concerning occupational inequality. We obtain a better understanding of, and insight into the nature of gender-occupational differentiation by simultaneously considering these two dimensions of gender-occupational differentiation.     

The Search for Happiness: Work Experiences and Quality of Life of Older Taiwanese Men

Taiwan’s pension systems do not always ensure corresponding benefits for those who have achieved their career goals in labor markets, thus retirement decisions are often difficult for the majority of its citizens. Retirement is not only a social institution shaped by labor market and social welfare policy, but also a process affected by personal life chance and family situations, and therefore influences their citizen’s well-being. While scholars have maintained that retirees’ happiness is related to earlier life experiences, there is little empirical evidence that explains this relationship. This paper investigates the midlife work experiences and the resources workers acquired to determine the extent to which they affect the happiness of retirees. Data for examining study hypotheses are drawn from four waves of the Taiwan Longitudinal Survey on Aging. The results indicate that midlife work experiences exert significant influences on life satisfaction, and also play a moderate role on the relationship between seniors’ resources and their life satisfaction. Bridge employment is found to have varying effects on seniors’ life satisfaction depending on their occupation. We conclude that the happiness of older Taiwanese men is mainly a product of both their present situations and their recollections of their earlier occupational experiences.     

White-nonwhite differentials in occupational mobility among men in the United States, 1962–1972

Intercohort shifts between 1962 and 1972 in the occupation distributions of white and nonwhite men are analyzed and compared at ages 35-44, 45-54, and 55-64. Both white and nonwhite occupation distributions were upgraded over the decade, but among nonwhites the shifts away from the lowest-status occupations were expressed partly in increasing rates of absence from the labor force. There are indications of especially rapid shifts in the occupation distributions of nonwhite men at ages 35-44. Among whites and nonwhites intercohort shifts in the occupation distribution can be attributed primarily to changing patterns of movement from first full-time civilian jobs to current occupations, rather than to changing occupational origin distributions or patterns of movement to first jobs. The white and nonwhite occupation distributions did not show a clear pattern of convergence over the decade. They became less similar at ages 35-44 and more similar at older ages. White and nonwhite distributions were most likely to converge in those occupation groups where the share of whites was stable or declining, rather than in groups whose share of the occupation distribution was increasing. Later cohorts of nonwhites would have a much more favorable occupational distribution if they had enjoyed the mobility patterns of whites in earlier cohorts. In 1972, as in 1962, the inferior occupational chances of nonwhites are due primarily to their disadvantageous patterns of occupational mobility, rather than to impoverished social origins.     

Match or mismatch? The employment of immigrant engineers in Canada's labor force

Using major field of study and labor force data from the 1996 Canadian census, this paper assesses variations in the correspondence between training in engineering fields and employment patterns. Following a review of the issues associated with under-valuation of credentials, comparisons are made between Canadian born men age 30–54 and permanent residents who immigrated at children and those who immigrated at age 28 or later with respect to labor force participation, employment, and occupational location. Permanent residents who immigrated as adults are assumed to be foreign trained. Compared to the Canadian born and to those immigrating as children, this group is the least likely to be in the labor force or employed. When employed, they are less likely to have either manager, engineering or technical occupations, and most likely to be employed in other occupations. This slippage between training and occupational location is the greatest for those permanent residents with only Bachelors degrees. In part, these aggregate findings reflect recency of arrival of those immigrating as adults. For this group, mis-match is strongest within the first few years of arriving in Canada. Men with engineering training who have been in Canada 15 years or more and/or who have Masters and Ph.D. degrees have employment patterns and occupational profiles that more closely correspond to those of their Canadian-born counterparts or those arriving as children.