Partial Retirement as a Separate Mode of Retirement Behavior

Marjorie Honig and Giora Hanoch ()

Journal of Human Resources, 1985, vol. 20, issue 1, 21-46

Abstract: Partial retirement is a quantitatively important retirement state that shows significant structural differences from behavioral functions of either full retirement or full-time work. Alternative models of the choice of retirement state are estimated on a sample of white married males from the Retirement History Survey, 1967-1973. Findings suggest that, while partial retirement appears to take several different forms, the critical choice for a large number of older workers appears to be that of labor force participation first, with either partial or full-time employment determined conditionally among participants. The model has good explanatory power and conforms to expectations of the effects of various relevant variables on labor supply decisions.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:20:y:1985:i:1:p:21-46

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