Phased Retirement: Problems and Prospects

Robert Hutchens

Work Opportunity Briefs from Center for Retirement Research

Abstract: As 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.

Keywords: baby boomers; traditional retirement ages; older workers; phased retirement; potential benefits (search for similar items in EconPapers)
Pages: 10 pages
Date: 2007-02, Revised 2007-02
New Economics Papers: this item is included in nep-age and nep-lab
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Citations: View citations in EconPapers (2)

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