Premium
Determinants of Agricultural Economics Faculty Retirement
Author(s) -
Broder Josef M.,
White Fred C.,
Taylor Teresa D.
Publication year - 1991
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242817
Subject(s) - salary , spouse , context (archaeology) , health and retirement study , retirement age , demographic economics , net worth , economics , labour economics , gerontology , political science , finance , medicine , pension , geography , debt , archaeology , law , market economy
The retirement experiences of faculty who had retired from 1862 land grant universities are described. Health, financial, family, and professional characteristics of early retirees are contrasted to those of late retirees. Determinants of faculty retirement are identified in the context of a general retirement model. Model results indicate that years‐of‐service to retirement programs, number of children, mental health, health trends, age at initial employment, and faculty‐spouse age differences are positively related to retirement age. Salary levels, net worth, and extension appointments are inversely related to retirement age. Implications of recent changes in the agricultural economics profession on expected retirement behavior are discussed.