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Partial retirement and the analysis of retirement behavior

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Author Info

  • Alan L. Gustman
  • Thomas L. Steinmeier

Abstract

The authors estimate a retirement equation with multiple outcome categories to show, first, that self-reported partial retirement is relatively common among white males aged 58 to 69, particularly partial retirement into a job different from the full-time job held at age 55, and that pattern holds even for those not facing mandatory retirement, not unhealthy, and not influenced by pension policies. Second, results from retirement equations specified with dichotomous dependent variables are shown to be sensitive to whether the partially retired are categorized as retired or not retired. (Abstract courtesy JSTOR.)

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Bibliographic Info

Article provided by ILR Review, Cornell University, ILR School in its journal ILR Review.

Volume (Year): 37 (1984)
Issue (Month): 3 (April)
Pages: 403-415

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Handle: RePEc:ilr:articl:v:37:y:1984:i:3:p:403-415

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  1. Deardorff, Alan V & Stafford, Frank P, 1976. "Compensation of Cooperating Factors," Econometrica, Econometric Society, vol. 44(4), pages 671-84, July.
  2. Parsons, Donald O, 1982. "The Male Labour Force Participation Decision: Health, Reported Health, and Economic Incentives," Economica, London School of Economics and Political Science, vol. 49(193), pages 81-91, February.
  3. Boskin, Michael J. & Hurd, Michael D., 1978. "The effect of social security on early retirement," Journal of Public Economics, Elsevier, vol. 10(3), pages 361-377, December.
  4. Roger H. Gordon & Alan S. Blinder, 1980. "Market Wages, Reservation Wages, and Retirement Decisions," NBER Working Papers 0513, National Bureau of Economic Research, Inc.
  5. John B. Burbidge & A. Leslie Robb, 1980. "Pensions and Retirement Behaviour," Canadian Journal of Economics, Canadian Economics Association, vol. 13(3), pages 421-37, August.
  6. Rosen, Harvey S, 1976. "Taxes in a Labor Supply Model with Joint Wage-Hours Determination," Econometrica, Econometric Society, vol. 44(3), pages 485-507, May.
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