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Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life?
This paper explores how gradual retirement impacts inequality later in life, with a focus on transitions from career to bridge employment. We use 26 years of longitudinal data from the Health and Retirement Study to document the various pathways that older Americans take when exiting the labor force...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Oxford University Press
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8969930/ http://dx.doi.org/10.1093/geroni/igab046.1603 |
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author | Cahill, Kevin Giandrea, Michael Quinn, Joseph Sacco, Lawrence Platts, Loretta |
author_facet | Cahill, Kevin Giandrea, Michael Quinn, Joseph Sacco, Lawrence Platts, Loretta |
author_sort | Cahill, Kevin |
collection | PubMed |
description | This paper explores how gradual retirement impacts inequality later in life, with a focus on transitions from career to bridge employment. We use 26 years of longitudinal data from the Health and Retirement Study to document the various pathways that older Americans take when exiting the labor force, and examine how bridge employment impacts non-housing wealth and total wealth, including the present discounted value of Social Security benefits. We find that gradual retirement in the form of bridge employment neither exacerbates nor mitigates wealth inequalities among Americans who held career jobs later in life. We do find evidence that wealth inequalities grow among the subset of older career workers who transition from career employment to bridge employer at older ages. These findings provide quantitative evidence that bridge employment at older ages is taken by those who need to continue working financially and those who continue working for nonpecuniary reasons. |
format | Online Article Text |
id | pubmed-8969930 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Oxford University Press |
record_format | MEDLINE/PubMed |
spelling | pubmed-89699302022-04-01 Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? Cahill, Kevin Giandrea, Michael Quinn, Joseph Sacco, Lawrence Platts, Loretta Innov Aging Abstracts This paper explores how gradual retirement impacts inequality later in life, with a focus on transitions from career to bridge employment. We use 26 years of longitudinal data from the Health and Retirement Study to document the various pathways that older Americans take when exiting the labor force, and examine how bridge employment impacts non-housing wealth and total wealth, including the present discounted value of Social Security benefits. We find that gradual retirement in the form of bridge employment neither exacerbates nor mitigates wealth inequalities among Americans who held career jobs later in life. We do find evidence that wealth inequalities grow among the subset of older career workers who transition from career employment to bridge employer at older ages. These findings provide quantitative evidence that bridge employment at older ages is taken by those who need to continue working financially and those who continue working for nonpecuniary reasons. Oxford University Press 2021-12-17 /pmc/articles/PMC8969930/ http://dx.doi.org/10.1093/geroni/igab046.1603 Text en © The Author(s) 2021. Published by Oxford University Press on behalf of The Gerontological Society of America. https://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/ (https://creativecommons.org/licenses/by/4.0/) ), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited. |
spellingShingle | Abstracts Cahill, Kevin Giandrea, Michael Quinn, Joseph Sacco, Lawrence Platts, Loretta Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title | Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title_full | Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title_fullStr | Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title_full_unstemmed | Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title_short | Does Bridge Employment Mitigate or Exacerbate Inequalities Later in Life? |
title_sort | does bridge employment mitigate or exacerbate inequalities later in life? |
topic | Abstracts |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8969930/ http://dx.doi.org/10.1093/geroni/igab046.1603 |
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