Retirement, Re-entry, and Part-time Work
This paper treats retirement as a dynamic process that may include partial retirement as well as market reentry, where partial retirement is defined as an earnings rate substantially be low one's lifetime peak. Transitions among the discrete states of full retirement, partial retirement, and nonretirement are examined and related to factors such as age, health, pension eligibility, occupation, industry, and past earnings. Among other findings, self-reported measures of retirement are poorly correlated with earnings status. Gradual retirement, moreover, is less likely to entail a transition to part-time employment than to a lower-wage full-time job.
Volume (Year): 13 (1987)
Issue (Month): 4 (Oct-Dec)
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- James J. Heckman & Christopher J. Flinn, 1982.
"New Methods for Analyzing Structural Models of Labor Force Dynamics,"
NBER Working Papers
0856, National Bureau of Economic Research, Inc.
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Elsevier, vol. 14(2), pages 277-308, October.
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- Alan L. Gustman & Thomas L. Steinmeier, 1982. "Partial Retirement and Wage Profiles of Older Workers," NBER Working Papers 1000, National Bureau of Economic Research, Inc.
- Moffitt, Robert, 1984. "The Estimation of a Joint Wage-Hours Labor Supply Model," Journal of Labor Economics, University of Chicago Press, vol. 2(4), pages 550-66, October.
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