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Research on Aging
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The Impact of a New Phased Retirement Option on Faculty Retirement Decisions

Linda S. Ghent

Eastern Illinois University

Steven G. Allen

North Carolina State University

Robert L. Clark

North Carolina State University

Life-cycle theory suggests that workers would prefer to gradually enter retirement from their career jobs. Using data from 15 campuses of the University of North Carolina system, this study provides a first look at the effects of the introduction of a phased retirement program on faculty retirement decisions. The authors’ analysis indicates that most of the faculty members choosing phased retirement would have likely remained full-time at their universities if the phased retirement option had not been available.

Research on Aging, Vol. 23, No. 6, 671-693 (2001)
DOI: 10.1177/0164027501236003
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