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Do Pensions Impede Phased Retirement?

Author

Listed:
  • William Even

    (Miami University)

  • David Macpherson

    (Florida State University)

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.

Suggested Citation

  • William Even & David Macpherson, 2004. "Do Pensions Impede Phased Retirement?," Labor and Demography 0407001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0407001
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Huber, Martin & Lechner, Michael & Wunsch, Conny, 2013. "The Effect of Firms' Partial Retirement Policies on the Labour Market Outcomes of Their Employees," IZA Discussion Papers 7513, Institute of Labor Economics (IZA).
    2. Wadensjö, Eskil, 2006. "Part-Time Pensions and Part-Time Work in Sweden," IZA Discussion Papers 2273, Institute of Labor Economics (IZA).
    3. Alan L. Gustman & Thomas L. Steinmeier, 2004. "Minimum Hours Constraints, Job Requirements and Retirement," NBER Working Papers 10876, National Bureau of Economic Research, Inc.
    4. Alan L. Gustman & Thomas L. Steinmeier, 2008. "Projecting behavioral responses to the next generation of retirement policies," Research in Labor Economics, in: Work, Earnings and Other Aspects of the Employment Relation, pages 141-195, Emerald Group Publishing Limited.
    5. Lachowska, Marta & Sundén, Annika & Wadensjö, Eskil, 2009. "The Impact of a Phased Retirement Program: A Case Study," IZA Discussion Papers 4284, Institute of Labor Economics (IZA).
    6. Erik Hernæs & Zhiyang Jia & John Piggott & Trond Christian Vigtel, 2020. "Work less but stay longer. Mature worker response to a flexibility reform," Discussion Papers 937, Statistics Norway, Research Department.

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    More about this item

    Keywords

    retirement; pension;

    JEL classification:

    • J - Labor and Demographic Economics

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