Racial Differences in Timing and Factors Associated with Retirement

Utilizing data from the 1968-1987 interview waves of the Panel Studies of Income Dynamics, this paper analyzes the racial differences in timing and factors associated with the retirement of a sample of 408 male workers. The analysis of the timing of retirement shows that black males past age 60 have a lower retirement rate than white males. Multivariate logit analysis also indicates that disability is a reason for retirement of both black and white males. In addition, white males who desire for leisure and black males with lower economic status are found to be more likely to retire