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Record W4366962234 · doi:10.33423/jabe.v25i1.5994

Household Responses to a Late-Life Job Loss

2023· article· en· W4366962234 on OpenAlexvenueno aff
Thomas M. Bridges

Bibliographic record

VenueJournal of Applied Business and Economics · 2023
Typearticle
Languageen
FieldSocial Sciences
TopicRetirement, Disability, and Employment
Canadian institutionsnot available
Fundersnot available
KeywordsEarningsStylized factAffect (linguistics)EconomicsLabour economicsHealth and Retirement StudyDemographic economicsJob lossPopulationCurrent Population SurveyUnemploymentPsychologyMedicine

Abstract

fetched live from OpenAlex

This paper demonstrates that spousal earnings affect an individual’s decision to retire. I find that husbands with higher-earning spouses are more likely to retire following an involuntary job loss. Earlier studies show that job reduces subsequent employment, earnings, and wealth, but they do not explain why some workers return to work and others do not. I add an important dimension to these studies by considering how spousal earnings and household assets affect a worker’s post-displacement labor supply. To explore the household's problem, I develop a stylized two-period model to illustrate how labor supply responds to spousal earnings and household assets in an uncertain environment. Using data from the Health and Retirement Study, I test my theoretical model's predictions using a reduced-form empirical specification. Relative to displaced men with low-earning spouses, husbands with higher-earning wives are more likely to exit the labor force following displacement. The same effect is not detectable in the population of older women. In both populations, a displaced worker with higher household assets is less likely to return to the labor force. At the household level, job loss as a profound impact on retirement well-being. At a broader level, a reduction in the labor supply of older workers has negative fiscal consequences.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.003
Threshold uncertainty score0.011

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.000
Open science0.0000.001
Research integrity0.0010.000
Insufficient payload (model declined to judge)0.0030.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.174
GPT teacher head0.354
Teacher spread0.179 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2023
Admission routes1
Has abstractyes

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