Partial Retirement as a Separate Mode of Retirement Behavior
AbstractPartial retirement is a quantitatively important retirement state that shows significant structural differences from behavioral functions of either full retirement or full-time work. Alternative models of the choice of retirement state are estimated on a sample of white married males from the Retirement History Survey, 1967-1973. Findings suggest that, while partial retirement appears to take several different forms, the critical choice for a large number of older workers appears to be that of labor force participation first, with either partial or full-time employment determined conditionally among participants. The model has good explanatory power and conforms to expectations of the effects of various relevant variables on labor supply decisions.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 20 (1985)
Issue (Month): 1 ()
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Web page: http://jhr.uwpress.org/
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