UM22-16: Work and Retirement for Older Black and Hispanic Adults



Growing United States income inequality and the increasing aging of Black and Hispanic populations point to greater risks of financial insecurity for older populations in coming years. Research on retirement determinants for Blacks and Hispanics is limited. We propose to analyze retirement determinants for Blacks and Hispanics by using data from the Health and Retirement Study (HRS) from 2000 to 2016. We will link this data to restricted, SSA individual-level files to determine Social Security wealth by race and Hispanic origin. Using sociodemographic, health, and economic covariates, we will estimate a probit model that identifies the probability that a given individual will be working or retired at a given time. We will also consider periods before, during, and after the “Great Recession” to assess how changing economic conditions affect retirement likelihood. This research will inform programs and policies to improve the quality of life for older adults, especially those isolated by cultural, economic, educational, or other barriers.

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