Phased Retirement: Problems and Prospects
AbstractAs baby boomers near traditional retirement ages, many express an intent to work longer. But older workers often look for greater flexibility that would allow them more time for non-work activities. Not surprisingly then, the notion of phased retirement — where an older full-time worker remains with the same employer and gradually reduces work hours — has considerable appeal for employees. Phased retirement may help employers as well by allowing them to keep experienced and productive workers. This brief begins by exploring the potential benefits of phased retirement. The next section documents the extent of phased retirement in today’s workplace and describes the types of people who take it. The following section discusses the problems that employers face when arranging phased retirements. The brief concludes that, while rare today, phased retirement may become more popular in the future.
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Bibliographic InfoPaper provided by Center for Retirement Research in its series Work Opportunity Briefs with number wob_8.
Length: 10 pages
Date of creation: Feb 2007
Date of revision: Feb 2007
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baby boomers; traditional retirement ages; older workers; phased retirement; potential benefits;
This paper has been announced in the following NEP Reports:
- NEP-AGE-2008-03-25 (Economics of Ageing)
- NEP-ALL-2008-03-25 (All new papers)
- NEP-LAB-2008-03-25 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Working Papers, Center for Retirement Research at Boston College
wp2007-18, Center for Retirement Research, revised Oct 2007.
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