Do Pensions Impede Phased Retirement?

William Even () and David Macpherson

No 1353, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: phased; retirement (search for similar items in EconPapers)
JEL-codes: J26 J32 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2004-10
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Citations: View citations in EconPapers (12)

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Working Paper: Do Pensions Impede Phased Retirement? (2004)
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