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Labor Force Transitions At Older Ages: Burnout, Recovery, And Reverse Retirement.pdf

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Preview of Labor Force Transitions at Older Ages: Burnout, Recovery, and Reverse Retirement
🔗 Source: federalreserve.gov
📊 Size: 733 KB
👤 Author: Lindsay Jacobs; Suphanit Piyapromdee
⬇️ Downloads: 69

Summary

Researchers Lindsay Jacobs and Suphanit Piyapromdee study labor force transitions at older ages, focusing on burnout, recovery, and reverse retirement. They find that a model incorporating a work burnout-recovery process can account for reverse retirement behavior, suggesting that re-entry patterns result from planned behavior. Using Health and Retirement Study (HRS) panel data, they develop and estimate a dynamic model of retirement that captures re-entry decisions and transitions to part-time work, incorporating uncertainty in earnings, health, and stress accumulation. The burnout-recovery process accounts for about 40% of re-entry and one-quarter of shifts to part-time work with age. The study also considers the lower exit and re-entry rates after 2008, attributing this to high option values of work in an environment where future re-entry is less certain.

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Description

Researchers Lindsay Jacobs and Suphanit Piyapromdee study labor force transitions at older ages, focusing on burnout, recovery, and reverse retirement.

Technical Information

  • File Format: PDF
  • File Size: 733 KB
  • Pages: 44
  • Language: EN
  • Author: Lindsay Jacobs; Suphanit Piyapromdee
  • Total Downloads: 69
  • Last Updated: 1 week ago

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This PDF document about Labor Force Transitions at Older Ages: Burnout, Recovery, and Reverse Retirement provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Labor Force Transitions at Older Ages: Burnout, Recovery, and Reverse Retirement.

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