Determinants of Hispanic and non-Hispanic Workers' Intent to Work Past Age 65: An Analysis From the Life Course Perspective.
| Autor: | Diaz-Valdes A; Society and Health Research Center, Social Science and Arts Faculty, Universidad Mayor, Santiago, Chile.; Millennium Nucleo of Socio Medicine (SocioMed), Universidad Mayor, Santiago, Chile., Matz-Costa C; School of Social Work, Boston College, Chestnut Hill, MA, USA., Rutledge MS; Department of Economics, Boston College, Chestnut Hill, MA, USA., Calvo E; Society and Health Research Center, Social Science and Arts Faculty, Universidad Mayor, Santiago, Chile.; Millennium Nucleo of Socio Medicine (SocioMed), Universidad Mayor, Santiago, Chile. |
|---|---|
| Jazyk: | angličtina |
| Zdroj: | International journal of aging & human development [Int J Aging Hum Dev] 2024 Apr; Vol. 98 (3), pp. 300-328. Date of Electronic Publication: 2023 Aug 30. |
| DOI: | 10.1177/00914150231196095 |
| Abstrakt: | Background: The average retirement age in the United States (U.S.) has increased over the past few decades. However, the rate of increase for Hispanics is lower than that for non-Hispanics. For Hispanics, the decision to retire later may be more influenced by their migration history and context rather than health or finances. Objective: This study aims to explore the differences in the determinants of intentions to delay retirement (i.e., work beyond the age of 65) between Hispanics and non-Hispanic Whites in the U.S. Methods: A pooled sample was generated from all waves of the Health and Retirement Study (1992-2014), including a unique record for each non-institutionalized individual aged 55-61 who was employed. All eligible Hispanics ( n = 3,663) were included, while a random sample of non-Hispanic Whites ( n = 3,663) was selected. Logistic mixed models were conducted for each group, and a Two-fold Oaxaca-Blinder decomposition analysis was used to explore differences between the groups. Results: The results indicate that non-Hispanic Whites are more likely to plan to postpone retirement. Furthermore, significant differences were found between Hispanics and non-Hispanic Whites regarding their intentions to delay retirement, specifically related to socioeconomic indicators such as individual earnings, amount of debt, level of education, and parents' level of education. The differences between the groups were primarily influenced by the amount of debt, having a defined benefit plan, and parents' level of education, reflecting the cumulative disadvantage experienced by Hispanics over their life course. Conclusion: Most existing research on the topic has focused on middle-class Whites, while few studies have examined race or ethnicity as the primary focus or explored the extent to which commonly identified predictors of delayed retirement apply to different ethno-racial groups. This is significant because Hispanics and other disadvantaged groups tend to experience financial insecurity during retirement, which directly impacts their health and well-being. Competing Interests: Declaration of Conflicting InterestsThe authors declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article. |
| Databáze: | MEDLINE |
| Externí odkaz: |
|