Retirement
Factors Influencing Retirement: Their Implications for Raising Retirement Age
Research Report
Cori E. Uccello, The Urban Institute
October 1998
This 76-page study, by Cori E. Uccello of the Urban Institute, attempts to shed light on the impact on workers of a higher normal retirement age using data from the 1990 panel of the Survey of Income and Program Participation (SIPP) and the 1994 wave of the Health and Retirement Study. It finds that retirees are in poorer health than workers of the same age and are more likely to have a condition that limits or prevents work. The younger a worker was when leaving a job, the more likely the departure was involuntary due to job loss or poor health. In addition, workers with pension coverage are more likely to retire than workers without pension coverage, while workers who would lose health insurance coverage upon retirement are less likely to retire.
Pub ID: 9810