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A Gradual Exit May Not Make for a Happier Retirement

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Author Info
Esteban Calvo
Kelly Haverstick
Steven A. Sass

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Abstract

Workers often say they want to retire gradually. As retirement is a sharp break with life as they know it, it’s not surprising that many prefer to negotiate the transition a step at a time. Many policymakers also view gradual retirement favorably. They see it as a way to extend careers, shorten retirements, and thereby improve retirement income security. Expanding opportunities for gradual or “phased” retirement has thus gained a prominent place on the policy agenda...

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File URL: http://crr.bc.edu/images/stories/Briefs/ib_7-16.pdf
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Publisher Info
Paper provided by Center for Retirement Research in its series Issues in Brief with number ib2007-7-16.

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Length: 7 pages
Date of creation: Oct 2007
Date of revision: Oct 2007
Handle: RePEc:crr:issbrf:ib2007-7-16

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References listed on IDEAS
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.:
  1. Alan Gustman & Thomas Steinmeier, 2007. "Projecting Behavioral Responses to the Next Generation of Retirement Policies," Working Papers wp153, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  2. Esteban Calvo & Kelly Haverstick & Steven A. Sass, 2007. "What Makes Retirees Happier: A Gradual or 'Cold Turkey' Retirement?," Working Papers, Center for Retirement Research at Boston College wp2007-18, Center for Retirement Research, revised Oct 2007. [Downloadable!]
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  3. Constantijn W.A. Panis, 2003. "Annuities and Retirement Satisfaction," Working Papers 03-17, RAND Corporation Publications Department. [Downloadable!]
  4. Alan L. Gustman & Thomas Steinmeier, 2007. "Projecting Behavioral Responses to the Next Generation of Retirement Policies," NBER Working Papers 12958, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Martin Pinquart, 2001. "Age Differences in Perceived Positive Affect, Negative Affect, and Affect Balance in Middle and Old Age," Journal of Happiness Studies, Springer, vol. 2(4), pages 375-405, December. [Downloadable!] (restricted)
  6. Robert Hutchens, 2007. "Phased Retirement: Problems and Prospects," Work Opportunity Briefs wob_8, Center for Retirement Research, revised Feb 2007. [Downloadable!]
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This page was last updated on 2009-11-14.

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