Tag: Familial shocks
In a horse race of competing explanations, health “shocks” win out. More than a third of older workers retire earlier than planned: the question is why? My colleagues and I attempted to answer that question in a recent study. The analysis uses data from the longitudinal Health and Retirement Study, collected between 1992 and 2012.&nbs…
The brief’s key findings are: More than a third of older workers retire earlier than planned: the question is why? This study looks at: 1) the impact of unexpected changes in health, employment, family, and finances on early retirement; and 2) the prevalence of these shocks. The findings suggest that: Health shocks play the largest…
