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Using data from the Health and Retirement Study (HRS) to examine the experiences of retirees who were aged 51 to 61 in 1992 and therefore who were 61 to 71 in 2002, Cahill and his colleagues found, “in 1992, 66 percent of the men” (65.9% as listed on Table 3, p.24) “were still on their FTC* jobs, while 15 percent" (14.5% as listed on Table 3, p.24) “were employed on bridge jobs and 19 percent were not in the labor force. Among women, 73 percent" (72.7% as listed on Table 3, p.24) “were still on FTC* jobs, while the remaining respondents were divided almost equally between bridge job employment and absence from the labor force. Ten years later, only 14 percent" (14.4% as listed on Table 3, p.24) “of the (now much older) male sample was still on a FTC* job and 56 percent" (55.6% as listed on Table 3, p.24) “had exited the labor force. One-quarter of the male sample was on a bridge job in 2002." (25.3% as listed on Table 3, p.24). "The story is similar for females.” (p. 9-10)
* FTC means full-time career. The authors, define full-time career (FTC) job as “one that consists of at least 1,600 hours per year (“full time”) and that lasts ten or more years (“career”).” (p. 8)
The authors explain and define bridge jobs as some individuals /retirees “take on short-duration or part-time jobs after leaving full-time career (FTC) employment. These jobs bridge the gap between FTC employment and complete labor force withdrawal, and are aptly called “bridge jobs.” (p. 4)
Cahill, E. K., Giandrea, D. M., & Quinn, F. J. (2005, September 29). Are traditional retirements a thing of the past? New evidence on retirement patterns and bridge jobs. Working paper. Retrieved July 18, 2006, from http://ideas.repec.org/p/boc/bocoec/626.html
“This paper investigates whether permanent, one-time retirements are coming to an end just as the trend towards earlier and earlier retirements did nearly 20 years ago. We explore how common bridge jobs are among today’s retirees, and how uncommon traditional retirements have become. Design & Methods: Using data from the Health and Retirement Study (HRS), we explore the work histories and retirement patterns of a cohort of retirees aged 51 to 61 in 1992 over a ten-year time period in both a cross-sectional and longitudinal context. Bridge job determinants are examined using bivariate comparisons and a multinomial logistic regression model of the bridge job decision.”
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