EconPapers    
Economics at your fingertips  
 

The Value of Phased Retirement

Steven Allen ()

No 10531, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines how phased retirement plans in higher education create value for both the institution and individual faculty, based upon evidence from the Survey of Changes in Faculty Retirement Policies and an in-depth case study of the University of North Carolina system. Faculty benefit by receiving improved opportunities for part-time work and by having the ability to make a smoother transition to retirement. The policy is clearly of great value to the 25 to 35 percent of UNC faculty who opt for phased over full retirement. The biggest payoff to the university is an increase in the odds that low-performing faculty will start the retirement process earlier. Universities also anticipate increased flexibility in managing faculty employment and compensation; phased retirement is most likely to be observed on campuses where a high percentage of faculty has tenure.

JEL-codes: J2 J4 (search for similar items in EconPapers)
Date: 2004-05
Note: AG LS
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Published as Clark, Robert L. and Jennifer Ma. Recruitment, Retention and Retirement in Higher Education: Building and Managing the Faculty of the Future. Cheltenham, U.K. and Northampton, MA: Elgar, 2005.

Downloads: (external link)
http://www.nber.org/papers/w10531.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:10531

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w10531

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-15
Handle: RePEc:nbr:nberwo:10531