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Men who work at age 70 or older
1George Warren Brown School of Social Work,Washington University, St. Louis, MO, 63130-4899, USA.
Journal of Gerontological Social Work
|October 13, 2005
Summary
Older men aged 70+ are more likely to work if they have good health and financial security. Policy should support continued labor force participation for seniors.
Area of Science:
- Gerontology
- Labor Economics
- Public Health
Background:
- Federal policy now encourages older workers to remain in the labor force.
- Understanding factors influencing work among the oldest old is crucial for policy development.
Purpose of the Study:
- To investigate determinants of labor force participation among men aged 70 and older.
- To examine the impact of health, economic factors, education, and spouse's work status on employment probability.
Main Methods:
- Utilized data from the 1993 Asset and Health Dynamics of the Oldest Old Study.
- Analyzed the probability of working (full-time, part-time, self-employed, employed by others).
Main Results:
- Good health and higher net worth significantly increase the likelihood of working for men aged 70+.
- Employer-provided pensions and supplemental medical insurance also positively influence employment probability.
- Spouse's work status and education level were found to be significant factors.
Conclusions:
- Health and economic stability are key enablers for continued work among older men.
- Findings suggest policy interventions can support older worker engagement.
- Further research can refine strategies for promoting senior labor force participation.