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

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  1. Lynn McDonald, 1997. "The Link between Social Research and Social Policy Options: Reverse Retirement as a Case in Point," Canadian Public Policy, University of Toronto Press, vol. 23(s1), pages 90-113, Spring. [Downloadable!] (restricted)
  2. Randall K. Filer & Marjorie Honig, 2005. "Endogenous Pensions and Retirement Behavior," Hunter College Department of Economics Working Papers 410, Hunter College: Department of Economics. [Downloadable!]
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  3. Lachowska, Marta & Sundén, Annika & Wadensjö, Eskil, 2009. "The Impact of a Phased Retirement Program: A Case Study," IZA Discussion Papers 4284, Institute for the Study of Labor (IZA). [Downloadable!]
  4. William T. Dickens & Shelly J. Lundberg, 1985. "Hours Restrictions and Labor Supply," NBER Working Papers 1638, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Diana Warren, 2008. "Retirement Expectations and Labour Force Transitions: The Experience of the Baby Boomer Generation," Melbourne Institute Working Paper Series wp2008n24, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
  6. Tunga Kantarci & Arthur Soest, 2008. "Gradual Retirement: Preferences and Limitations," De Economist, Springer, vol. 156(2), pages 113-144, June. [Downloadable!] (restricted)
  7. Phillip B. Levine & Olivia S. Mitchell, 1991. "Expected Changes in the Workforce and Implications for Labor Markets," NBER Working Papers 3743, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. B. Douglas Bernheim & Jonathan Skinner & Steven Weinberg, 2001. "What Accounts for the Variation in Retirement Wealth among U.S. Households?," American Economic Review, American Economic Association, vol. 91(4), pages 832-857, September. [Downloadable!] (restricted)
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  9. David M. Blau & Tetyana Shvydko, 2007. "Labor Market Rigidities and the Employment Behavior of Older Workers," IZA Discussion Papers 2996, Institute for the Study of Labor (IZA). [Downloadable!]
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  10. Alan L. Gustman & Thomas L. Steinmeier, 2001. "Retirement and Wealth," Working Papers wp002, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  11. Joseph G. Altonji & Emiko Usui, 2005. "Work Hours, Wages, and Vacation Leave," NBER Working Papers 11693, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Alan L. Gustman & Thomas L. Steinmeier, 1985. "A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health," NBER Working Papers 1585, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  13. Alan L. Gustman & Thomas L. Steinmeier, 1985. "Social Security Reform and Labor Supply," NBER Working Papers 1212, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  14. Christopher J. Ruhm, 1994. "Do Pensions Increase the Labor Supply of Older Men?," NBER Working Papers 4925, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  15. Michael D. Hurd, 1993. "The Effect of Labor Market Rigidities on the Labor Force Behavior of Older Workers," NBER Working Papers 4462, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  16. Joseph G. Altonji & Jennifer Oldham, 2003. "Vacation laws and annual work hours," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q III, pages 19-29. [Downloadable!]
  17. Robert L. Clark & Joseph F. Quinn, 1999. "Effects of Pensions on Labor Markets and Retirement," Boston College Working Papers in Economics 431, Boston College Department of Economics. [Downloadable!]
  18. Michael D. Hurd, 1990. "Issues and Results from Research on the Elderly I: Economic Status (Part I of III Parts)," NBER Working Papers 3018, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  19. Even, William E. & Macpherson, David A., 2004. "Do Pensions Impede Phased Retirement?," IZA Discussion Papers 1353, Institute for the Study of Labor (IZA). [Downloadable!]
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  20. Hakola, Tuulia, 2002. "Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review," Working Paper Series 2003:4, Uppsala University, Department of Economics. [Downloadable!]
  21. Michael Hurd & Kathleen McGarry, 1993. "The Relationship Between Job Characteristics and Retirement," NBER Working Papers 4558, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  22. Alan L. Gustman & Thomas L. Steinmeier, 2001. "Retirement and Wealth," NBER Working Papers 8229, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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