Expectations and Realizations of Work after Retirement
AbstractThis paper analyzes a puzzling aspect of retirement behavior known as "unretirement." Nearly 50 percent of retirees follow a nontraditional retirement path that involves partial retirement or unretirement, and at least 26 percent of retirees later unretire. I explore two possible explanations: (1) unretirement transitions result from failures in planning or financial shocks; and (2) unretirement transitions are anticipated prior to retirement, reflecting a more complex retirement process. I show that unretirement was anticipated for the vast majority of those returning to work, and is not a result of financial shocks, poor planning or low wealth accumulation.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 45 (2010)
Issue (Month): 3 ()
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Web page: http://jhr.uwpress.org/
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- Ricky Kanabar, 2013.
"Unretirement in England: An Empirical Perspective,"
13/25, Department of Economics, University of York.
- Ricky Kanabar & Peter Simmons, 2013. "Work and Play Pave the Way: The Importance of Part Time Work in a Lifecycle Model," Discussion Papers 13/01, Department of Economics, University of York.
- Arie Kapteyn & Erik Meijer, 2013. "A Comparison of Different Measures of Health and their Relation to Labor Force Transitions at Older Ages," NBER Chapters, in: Discoveries in the Economics of Aging National Bureau of Economic Research, Inc.
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