Do Pensions Impede Phased Retirement?

TitleDo Pensions Impede Phased Retirement?
Publication TypeReport
Year of Publication2003
AuthorsEven, W, Macpherson, DA
Series TitleIZA DP
Document Number1353
InstitutionIZA Institute of Labor Economics
CityBonn, Germany
Call Numberwp_2002/Even-Macpherson12-03.pdf
KeywordsPensions, Retirement Planning and Satisfaction

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.

Endnote Keywords

Pensions/Retirement Behavior

Endnote ID


Citation Key5568