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Retirement, Re-entry, and Part-time Work

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  • Marjorie Honig
  • Cordelia Reimers
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    Abstract

    This paper treats retirement as a dynamic process that may include partial retirement as well as market reentry, where partial retirement is defined as an earnings rate substantially be low one's lifetime peak. Transitions among the discrete states of full retirement, partial retirement, and nonretirement are examined and related to factors such as age, health, pension eligibility, occupation, industry, and past earnings. Among other findings, self-reported measures of retirement are poorly correlated with earnings status. Gradual retirement, moreover, is less likely to entail a transition to part-time employment than to a lower-wage full-time job.

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    File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume13/V13N4P361_371.pdf
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    Bibliographic Info

    Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

    Volume (Year): 13 (1987)
    Issue (Month): 4 (Oct-Dec)
    Pages: 361-371

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    Handle: RePEc:eej:eeconj:v:13:y:1987:i:4:p:361-371

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    Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
    Phone: (201) 684-7346
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    Web page: http://www.ramapo.edu/eea/journal.html
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    1. Flinn, C. & Heckman, J., 1982. "New methods for analyzing structural models of labor force dynamics," Journal of Econometrics, Elsevier, vol. 18(1), pages 115-168, January.
    2. Moffitt, Robert, 1984. "The Estimation of a Joint Wage-Hours Labor Supply Model," Journal of Labor Economics, University of Chicago Press, vol. 2(4), pages 550-66, October.
    3. Roger H. Gordon & Alan S. Blinder, 1980. "Market Wages, Reservation Wages, and Retirement Decisions," NBER Working Papers 0513, National Bureau of Economic Research, Inc.
    4. Alan L. Gustman & Thomas L. Steinmeier, 1982. "Partial Retirement and Wage Profiles of Older Workers," NBER Working Papers 1000, National Bureau of Economic Research, Inc.
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    Cited by:
    1. John Bound & Michael Schoenbaum & Todd R. Stinebrickner & Timothy Waidmann, 1998. "The Dynamic Effects of Health on the Labor Force Transitions of Older Workers," NBER Working Papers 6777, National Bureau of Economic Research, Inc.
    2. John Bound & Todd Stinebrickner & Timothy Waidmann, 2007. "Health, Economic Resources and the Work Decisions of Older Men," NBER Working Papers 13657, National Bureau of Economic Research, Inc.
    3. Randall Filer & Marjorie Honig, 2005. "Endogenous Pensions and Retirement Behavior," CESifo Working Paper Series 1547, CESifo Group Munich.
    4. Ruhm, Christopher J., 1996. "Do pensions increase the labor supply of older men?," Journal of Public Economics, Elsevier, vol. 59(2), pages 157-175, February.

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