Abstract
The aim of this research is to examine the retirement timing of older men and women in the United States and to find what factors impact such timings. This research used the 2014 Health and Retirement Study datasets. A total of 2,401 respondents were included in this research. All of the participants were over 60 years old, half were women, and the majority of participants were full-time workers (81.8%). The dependent variable was expected years until retirement which was measured as a continuous variable, asking when the respondent thinks he/she will stop work or retire. Controlling for age, race, marital status, education, health, full time, and a number of children, the results revealed that males expect to work 1.2 years longer than women. Yet women have reasons for working longer that are not found among men. Older age and poor health predict a sooner retirement for both men and women. Yet women differed from men in wanting longer work lives if they are African American, employed part-time, and have large families. Women are living longer than men, and the labor participation of women is increasing. Older women will have more challenge in preparing for retirement than men due to their greater need to extend work to secure income. Gender differences in expectation for retirement financial security and their effect on retirement timing. Deserves future research, to understand women’s decision making at this life stage.
Highlights
An increasing number of assisted living (AL) residents rely on Medicaid waivers or state plans to pay for personal care and other supportive services
We found that there remain sizable disparities in financial burden among LTCNI participants, despite of its emphasis on ensuring access to care based on people’s needs; care providers are incentivised to provide care at the least cost even this care is deemed as insufficient or inadequate due to fixed payment for their services
Our paper offers critical insights into the potential and challenges in applying long-term care (LTC) insurance model to a LMIC, where critical lessons can be drawn for public LTC insurance in other LMICs
Summary
An increasing number of assisted living (AL) residents rely on Medicaid waivers or state plans to pay for personal care and other supportive services. MEDICARE COVERAGE CHANGES: THE ROLE OF INDIVIDUAL CHARACTERISTICS AND INTERNET USE Brian E. An important challenge to the success of consumer choice within the Medicare program is older adults’ proclivity to assess their coverage on an annual basis and make changes when appropriate.
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