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CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS

The sustainability problems to the SS has led to a glowing debate about what the full retirement age should be and if working longer is a plausible option for everyone or just for those who have some control over their retirement decisions (e.g., Munnell & Sass, 2008; McNamara & Williamson,...

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Autor principal: Diaz-Valdes Iriarte, Antonia E
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Oxford University Press 2019
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6845414/
http://dx.doi.org/10.1093/geroni/igz038.475
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author Diaz-Valdes Iriarte, Antonia E
author_facet Diaz-Valdes Iriarte, Antonia E
author_sort Diaz-Valdes Iriarte, Antonia E
collection PubMed
description The sustainability problems to the SS has led to a glowing debate about what the full retirement age should be and if working longer is a plausible option for everyone or just for those who have some control over their retirement decisions (e.g., Munnell & Sass, 2008; McNamara & Williamson, 2013; Munnell et al, 2016). All ethno-racial groups have increased their average retirement age over the last years. However, Hispanics’ retirement age is still lower even if they stated they plan to continue to work at retirement (EBRI 2008; Diaz-Valdes, 2018). Most studies about retirement timing have focused on middle-class Whites, and the prediction of planned or actual retirement separately. One of the lesser studied complexities of the retirement conundrum concerns ethno-racial differences and cultural-related predictors of retirement timing (Lytle et al, 2015). This study seeks to extend the understanding of differences between Hispanics and non-Hispanics regarding the timing of retirement relative to when they thought they would retire by including a broad array of cultural and family related predictors. Multinomial regression models were used. The results indicate significant differences between Hispanics and non-Hispanic Whites. Taking care of grandchildren was a significant predictor among Hispanics but not among non-Hispanic Whites. For Hispanics taking care of grandchildren, for over 20 hrs., was associated with a decreased probability of stating they will never retire. The increase of one dependent was associated with an increased on the probability of retiring earlier than planned. The effect of one additional dependent was larger for non-Hispanics.
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spelling pubmed-68454142019-11-18 CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS Diaz-Valdes Iriarte, Antonia E Innov Aging Session 865 (Poster) The sustainability problems to the SS has led to a glowing debate about what the full retirement age should be and if working longer is a plausible option for everyone or just for those who have some control over their retirement decisions (e.g., Munnell & Sass, 2008; McNamara & Williamson, 2013; Munnell et al, 2016). All ethno-racial groups have increased their average retirement age over the last years. However, Hispanics’ retirement age is still lower even if they stated they plan to continue to work at retirement (EBRI 2008; Diaz-Valdes, 2018). Most studies about retirement timing have focused on middle-class Whites, and the prediction of planned or actual retirement separately. One of the lesser studied complexities of the retirement conundrum concerns ethno-racial differences and cultural-related predictors of retirement timing (Lytle et al, 2015). This study seeks to extend the understanding of differences between Hispanics and non-Hispanics regarding the timing of retirement relative to when they thought they would retire by including a broad array of cultural and family related predictors. Multinomial regression models were used. The results indicate significant differences between Hispanics and non-Hispanic Whites. Taking care of grandchildren was a significant predictor among Hispanics but not among non-Hispanic Whites. For Hispanics taking care of grandchildren, for over 20 hrs., was associated with a decreased probability of stating they will never retire. The increase of one dependent was associated with an increased on the probability of retiring earlier than planned. The effect of one additional dependent was larger for non-Hispanics. Oxford University Press 2019-11-08 /pmc/articles/PMC6845414/ http://dx.doi.org/10.1093/geroni/igz038.475 Text en © The Author(s) 2019. Published by Oxford University Press on behalf of The Gerontological Society of America. http://creativecommons.org/licenses/by/4.0/ This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
spellingShingle Session 865 (Poster)
Diaz-Valdes Iriarte, Antonia E
CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title_full CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title_fullStr CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title_full_unstemmed CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title_short CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS
title_sort cultural dimension of the discrepancy of planned and actual retirement age in the u.s.: hispanics versus non-hispanics
topic Session 865 (Poster)
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6845414/
http://dx.doi.org/10.1093/geroni/igz038.475
work_keys_str_mv AT diazvaldesiriarteantoniae culturaldimensionofthediscrepancyofplannedandactualretirementageintheushispanicsversusnonhispanics