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Labor Force Transitions at Older Ages: Burnout, Recovery, and Reverse Retirement (PDF)
Lindsay Jacobs, Federal Reserve Board, and Suphanit Piyapromdee, University College London June 29, 2016 44 pages. "In this paper [the authors] study the effects of wage and health transition processes as well as the role of accrued work-related strain on the labor force participation on older males. We find that a model incorporating a work burnout-recovery process can account for such reverse retirement behavior that cannot be generated by health and wealth shocks alone, suggesting re-entry patterns result in large part from planned behavior.... [R]espondents are more likely to report high levels of job stress as they continue to work when they would have otherwise stopped working, recovered, and re-entered." |
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