Volume 20, Number 1 (Winter) 1985
Honig, Marjorie, and Giora Hanoch. 1985. "Partial Retirement as a Separate Mode of Retirement Behavior." Journal of Human Resources 20(1):21-46.
Partial retirement is a quantitatively important retirement state that shows significant structural differences from behavioral functions of either full retirement or full-time work. Alternative models of the choice of retirement state are estimated on a sample of white married males from the Retirement History Survey, 1967-1973. Findings suggest that, while partial retirement appears to take several different forms, the critical choice for a large number of older workers appears to be that of labor force participation first, with either partial or full-time employment determined conditionally among participants. The model has good explanatory power and conforms to expectations of the effects of various relevant variables on labor supply decisions.
Honig is a member of the Department of Economics faculty at Hunter College
and the Graduate School. CUNY. Hanoch is a member of the Department of Economics
faculty at Hebrew University of Jerusalem.
Research was supported by grants from the National Science
Foundation (SES-80-14262), the National Institute on Aging (1 R01-AG02532-01),
and by funds granted to the Brookings Institution by the U.S. Department of
Health and Human Services.
© 2003 by the Board of Regents of the University of Wisconsin System
US ISSN 0022-166X