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Do Pensions Impede Phased Retirement?

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Author Info
William Even (Miami University)
David Macpherson (Florida State University)

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Abstract

Many workers reveal a preference for a gradual reduction in work hours as they approach retirement (“phased retirement”), rather than a sudden change from full-time work to full-time retirement. Pension regulations may impede phased retirement without a switch of employers by prohibiting access to pension assets. This study uses Health and Retirement Survey data to investigate the extent to which a gradual reduction in work hours is made difficult by pensions,particularly defined benefit plans. The study also explores other possible impediments to phased retirement.

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Publisher Info
Paper provided by EconWPA in its series Labor and Demography with number 0407001.

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Date of creation: 03 Jul 2004
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Handle: RePEc:wpa:wuwpla:0407001

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Web page: http://129.3.20.41

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Related research
Keywords: retirement; pension;

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Find related papers by JEL classification:
J - Labor and Demographic Economics

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. Joseph Quinn, . "New Paths to Retirement," Pension Research Council Working Papers 98-10, Wharton School Pension Research Council, University of Pennsylvania.
    Other versions:
  2. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial Retirement and the Analysis of Retirement Behavior," NBER Working Papers 0763, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Ippolito, Richard A, 1985. "The Labor Contract and True Economic Pension Liabilities," American Economic Review, American Economic Association, vol. 75(5), pages 1031-43, December. [Downloadable!] (restricted)
  4. Hirsch, Barry T., 2004. "Why Do Part-Time Workers Earn Less? The Role of Worker and Job Skills," IZA Discussion Papers 1261, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  5. Bruce C. Fallick, 1998. "Part-time work and industry growth," Finance and Economics Discussion Series 1998-16, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  6. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial retirement and the analysis of retirement behavior," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 37(3), pages 403-415, April.
  7. Ruhm, Christopher J, 1990. "Bridge Jobs and Partial Retirement," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 482-501, October. [Downloadable!] (restricted)
  8. Mark Montgomery & James Cosgrove, 1993. "The effect of employee benefits on the demand for part-time workers," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 47(1), pages 87-98, October.
  9. Steven G. Allen & Robert L. Clark & Linda S. Ghent, 2003. "Phasing Into Retirement," NBER Working Papers 9779, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Walter Y. Oi, 1962. "Labor as a Quasi-Fixed Factor," Journal of Political Economy, University of Chicago Press, vol. 70, pages 538. [Downloadable!] (restricted)
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Cited by:
(explanations, 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 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)
  2. Eskil Wadensjö, 2006. "Part-Time Pensions and Part-Time Work in Sweden," IZA Discussion Papers 2273, Institute for the Study of Labor (IZA). [Downloadable!]
  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. 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!]
  5. Alan L. Gustman & Thomas L. Steinmeier, 2004. "Minimum Hours Constraints, Job Requirements and Retirement," NBER Working Papers 10876, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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