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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, “men and women who left their career jobs and were in excellent or very good health took on bridge jobs” in 55 (54.5% as listed on Table 6, p.27) to 60 percent (59.7% as listed on Table 6, p.27) of cases. “Those who departed with self-assessed fair or poor health made the transition to bridge jobs less than 40 percent of the time.” (p.13)
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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