Journal of Family and Economic Issues

, Volume 26, Issue 3, pp 371–394

The Selection of Partial or Full Retirement by Older Workers

Article

DOI: 10.1007/s10834-005-5903-8

Cite this article as:
Kim, H. & DeVaney, .A. J Fam Econ Iss (2005) 26: 371. doi:10.1007/s10834-005-5903-8

Abstract

The study investigated whether older workers chose partial or full retirement instead of full-time work. Partial or full retirement status was modeled as a combination of self-reported retirement status and change in number of hours worked. The results of multinomial logistic regression using data from the first and fifth waves of the Health and Retirement Study collected in 1992 and 2000 showed that age and gender had similar effects on the likelihood of partial and full retirement. Full retirement was also influenced by investment assets, pensions, employee health insurance, and poor health. The likelihood of partial retirement was also influenced by self-employment, chronic health conditions, and education. Workers who seek partial retirement need working conditions that allow them to make this choice.

Key words

health and retirement studymultinomial logistic regressionretirement

Copyright information

© Springer Science+Business Media, Inc. 2005

Authors and Affiliations

  1. 1.Central Michigan UniversityMount Pleasant
  2. 2.Purdue UniversityWest Lafayette