Kevin Cahill is a Research Economist and Partner at ECONorthwest. Here, you will find information about a few of his recent projects:
Unretirement in the 2010s: Prevalence determinants, and outcomes
For several decades a sizable minority of older Americans have reentered the labor force after an initial retirement, or “unretired.” This project explores whether unretirements have been increasing in recent years, most notably in the aftermath of the Great Recession and the slow but persistent economic recovery that followed. We use data on four cohorts of older career workers from the longitudinal Health and Retirement Study (HRS) from 1992 through 2016 and examine the prevalence of reentry over time among each one. This research is being conducted with Joseph F. Quinn (Boston College) and Michael D. Giandrea (U.S. Bureau of Labor Statistics).
Post-retirement work: A path to extending working life which generates new inequalities? A comparison of Sweden, the USA, and Japan
This project examines the nature of social, income, and health inequalities related to post-retirement work in three advanced economies: Sweden, the USA and Japan. The project consists of six papers based on harmonized data from the longitudinal Swedish Longitudinal Occupational Survey of Health (SLOSH), US Health and Retirement Study (HRS) and Japanese Study of Ageing and Retirement (JSTAR). One paper examines pathways into retirement and income inequality in Sweden, the USA, and Japan. Another paper presents a comparative overview of the institutional and labor market factors in each country relevant for post-retirement work. The PI for this study is Loretta G. Platts at the Stress Research Institute, Stockholm University. This work is funded by The Bank of Sweden Tercentenary Foundation.
Transitions from career employment among public- and private-sector workers
This project explores whether the retirement patterns of public-sector workers differ from those in the private sector. The latter typically face a retirement landscape with exposure to market uncertainties through defined-contribution pension plans and private saving. Public-sector workers, in contrast, are often covered by defined-benefit pension plans that encourage retirement at relatively young ages and offer financial security at older ages. We examine how private- and public-sector workers transition from full-time career employment, with a focus on the importance of gradual retirement. To our surprise, we find that the prevalence of continued work after career employment, predominantly on bridge jobs with new employers, is very similar in the two sectors, a result with important implications in a rapidly aging society. This research was conducted with Joseph F. Quinn (Boston College) and Michael D. Giandrea (U.S. Bureau of Labor Statistics) and was published recently in The Journal of Pension Economics and Finance.