Educational mismatch and retirement

Keith A. Bender, John S. Heywood

Research output: Contribution to journalArticle

2 Citations (Scopus)
5 Downloads (Pure)

Abstract

Using a panel data set of scientists in the US, we examine the hypothesis that workers in jobs poorly matched to their education are more likely to retire. In pooled estimates we confirm that the mismatched are more likely to retire and that among retirees, the mismatched retire at younger ages. Hazard function estimates also support the hypothesis. Workers with longer accumulated periods of mismatch are significantly more likely to retire in discrete-time duration models that account for both reasonable controls and worker heterogeneity. These findings suggest that educational mismatch and its consequences are concentrated among late career employees.
Original languageEnglish
Pages (from-to)347-365
Number of pages19
JournalEducation Economics
Volume25
Issue number4
Early online date26 Sep 2016
DOIs
Publication statusPublished - 4 Jul 2017

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Keywords

  • educational mismatch
  • retirement
  • scientists
  • duration models

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

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