Written By: Richard F. Bieker, Sharon A. DeVaney and Zhan (Sandy) Chen
Because of the low rate of saving among households and concerns about the solvency of the Social Security trust fund, it is likely that more Americans will have to work beyond the now traditional retirement age of 65. This study uses data from the 1998 Survey of Consumer Finances to examine the factors that account for the differences in the employment status of individuals aged 65 or over. The study classifies individuals as being employed full time, employed part time, or not employed. Logistic regression analysis is then used to examine the factors that affect differences in employment status. Key words: Labor force participation, Logit, Poverty, Retirement, Survey of Consumer Finances
Download Journal