Hudomiet, Péter. <br/><br/>
The Effect of Physical and Cognitive Decline at Older Ages on Job Mismatch and Retirement / 
Péter Hudomiet, Michael D. Hurd, Susann Rohwedder, Robert J. Willis. 
 - Cambridge, Mass.  National Bureau of Economic Research  2018. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w25229 .
 - Working Paper Series (National Bureau of Economic Research)  no. w25229. .
<br/><br/> November 2018. 
<br/><br/> Physical and cognitive abilities of older workers decline with age, which can cause a mismatch between abilities and job demands, potentially leading to early retirement. We link longitudinal Health and Retirement Study data to O*NET occupational characteristics to estimate to what extent changes in workers' physical and cognitive resources change their work-limiting health problems, mental health, subjective probabilities of retirement, and labor market status. While we find that physical and cognitive decline strongly predict all outcomes, only the interaction between large-muscle resources and job demands is statistically significant, implying a strong mismatch at older ages in jobs requiring large-muscle strength.  The effects of declines in fine motor skills and cognition are not statistically different across differing occupational job demands. 
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