Do Pensions Impede Phased Retirement?

37 Pages Posted: 6 Jul 2004

See all articles by William E. Even

William E. Even

Miami University; IZA Institute of Labor Economics

David A. MacPherson

Trinity University; IZA Institute of Labor Economics

Date Written: October 2004

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: Retirement, pensions, phased retirement

JEL Classification: J26

Suggested Citation

Even, William E. and MacPherson, David A., Do Pensions Impede Phased Retirement? (October 2004). IZA Discussion Paper No. 1353. Available at SSRN: https://ssrn.com/abstract=545363

William E. Even (Contact Author)

Miami University ( email )

208 Laws Hall
Oxford, OH 45056
United States
513-529-2865 (Phone)
513-529-6992 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

David A. MacPherson

Trinity University ( email )

San Antonio, TX 78212
United States
210-999-8112 (Phone)
210-999-7255 (Fax)

HOME PAGE: http://www.davemacpherson.com

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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