The Selection of Partial or Full Retirement by Older Workers |
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Authors: | Email author" target="_blank">Haejeong?KimEmail author Sharon?A?DeVaney |
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Institution: | (1) Central Michigan University, 107 Wightman Hall, Mount Pleasant, MI, 48859;(2) Purdue University, Matthews Hall, Room 216, 812 W. State Street, West Lafayette, IN, 47907-2060 |
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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. |
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Keywords: | health and retirement study multinomial logistic regression retirement |
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