NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Phasing Into Retirement

Steven G. Allen, Robert L. Clark, Linda S. Ghent

NBER Working Paper No. 9779
Issued in June 2003
NBER Program(s):   AG   LS

Employers have been launching phased retirement programs to help workers navigate the transition from work to retirement more effectively. This paper examines the experience of the phased retirement system for tenured faculty in the University of North Carolina system. After phased retirement was introduced, there was a sizable increase in the overall separation rate in the system. A multinomial logit model of the retirement decision as a function of pension incentives, employee performance, demographics, and campus characteristics is developed. The key empirical result is that the odds of entering phased retirement are strongly and inversely related to employee performance, as measured by recent pay increases.

download in pdf format
   (194 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

This paper is available as PDF (194 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w9779

Published: Allen, Steven G., Robert L. Clark and Linda S. Ghent. "Phasing Into Retirement," Industrial and Labor Relations Review, 2004, v58(1,Oct), 112-127.

Users who downloaded this paper also downloaded these:
Allen w10531 The Value of Phased Retirement
Friedberg and Webb w9999 Retirement and the Evolution of Pension Structure
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us