Bieker, DeVaney & Chen, Determinants of Employment Among Older Americans

Bieker, R. F., DeVaney,
S. A. & Chen, Z. S. (2001). Determinants of employment among older
Financial Counseling and Planning, 12(2), 33-42.

Determinants of Employment among Older Americans

Richard F. Bieker1, Sharon A. DeVaney2
Zhan (Sandy) Chen3

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

1 . Richard F. Bieker,
Professor, School of Management, Delaware State University, Dover, DE 19901.
Phone: 302-857-6912. E-mail:

2. Sharon A. DeVaney,
Associate Professor, Department of Consumer Sciences & Retailing, 216
Matthews Hall, Purdue University, West Lafayette, IN 47907-1262. Phone: 765-494-8300.
Fax: 765-494-0869. E-mail:

3. Zhan (Sandy) Chen, Ph.D. Candidate, Department of Consumer Sciences and Retailing, Purdue University,West Lafayette, IN. E-mail:

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