Determinants of retirement timing expectations in the United States and Australia: a cross-national comparison of the effects of health and retirement benefit policies on retirement timing decisions.

TitleDeterminants of retirement timing expectations in the United States and Australia: a cross-national comparison of the effects of health and retirement benefit policies on retirement timing decisions.
Publication TypeJournal Article
Year of Publication2012
AuthorsSargent-Cox, KA, Anstey, KJ, Kendig, H, Skladzien, E
JournalJ Aging Soc Policy
Volume24
Issue3
Pagination291-308
Date Published2012
ISSN Number1545-0821
KeywordsActivities of Daily Living, Age Factors, Australia, Cross-Cultural Comparison, Florida, Health Benefit Plans, Employee, Health Status, Humans, Job Satisfaction, Middle Aged, Pensions, Public Policy, Retirement, Sex Factors, Socioeconomic factors, Time Factors, United States
Abstract

Data from the U.S. Health and Retirement Study (N = 2,589) and the Australian Household Income and Labour Dynamics survey (N = 1,760) were used to compare the macro-level policy frameworks on individual retirement timing expectations for pre-baby boomers (61+ years) and early baby boomers (45 to 60 years). Australian workers reported younger expected age of retirement compared to the U.S. sample. Reporting poor health was more strongly associated with younger expected retirement age in the United States than in Australia. Cohort and gender differences in the United States were found for the effect of private health insurance on younger expected age at retirement. Our results draw attention to how cross-national comparisons can inform us on the effects of policies on retirement expectations among older workers.

DOI10.1080/08959420.2012.676324
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/22720888?dopt=Abstract

Endnote Keywords

cross-national comparison/Australian Household Income and Labour Dynamics/retirement planning/Health insurance

Endnote ID

69588

Alternate JournalJ Aging Soc Policy
Citation Key7743
PubMed ID22720888
Grant ListNIA U01AG009740 / AG / NIA NIH HHS / United States