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Abstract
Retirement timing research has accounted for age-related decline in ability to work by classifying occupations as blue or white collar, but this rough categorization may throw out information. Instead, this article presents a susceptibility index that measures how susceptible the abilities required by an occupation are to early decline. The results suggest that (1) considerable variance exists, especially within white-collar occupations, in the importance of abilities that are known to show early decline; (2) this variance, as captured by the index, is predictive of early retirement; and (3) this variance captures more information than the common white- and blue-collar distinction.
TOPICS: Retirement, legal/regulatory/public policy, statistical methods
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US and Overseas: +1 646-931-9045
UK: 0207 139 1600