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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Article provided by ILR Review, ILR School, Cornell University in its journal ILR Review.
Volume (Year): 37 (1984) Issue (Month): 3 (April) Pages: 403-415 Download reference. The following formats are available: HTML
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Dickens, William T & Lundberg, Shelly J, 1993.
"Hours Restrictions and Labor Supply,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(1), pages 169-92, February.
[Downloadable!] (restricted)
Alan L. Gustman & Thomas L. Steinmeier, 2001.
"Retirement and Wealth,"
Working Papers
wp002, University of Michigan, Michigan Retirement Research Center.
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Alan L. Gustman & Thomas L. Steinmeier, 2001.
"Retirement and Wealth,"
NBER Working Papers
8229, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)