Table 2.

Changes in Labor-Force Status and Employment Class

	Labor-Force Status at Time t + 2
	Working		Not Working
Labor-Force Status at Time t	Self- Employed	Wage and Salary	Unemployed or Disabled	Retired	Out of the Labor Force
Working
Self-employed   (n = 7,368)	74.5%	7.9%	1.2%	13.6%	2.8%
Wage and salary   (n = 31,516)	2.2%	79.6%	2.3%	14.2%	1.7%
Not working
Retired (n = 30,479)	1.7%	3.7%	3.6%	84.5%	6.5%
Unemployed or   disabled (n = 4,022)	2.5%	12.6%	37.7%	36.9%	10.3%
Out of the labor force   (n = 9,383)	2.2%	5.3%	4.6%	24.3%	63.4%

Source: Authors’ calculations on the basis of the Health and Retirement Study, 1992 to 2004.

Note: The sample was composed of respondents aged 51 years and older.