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Research on Aging
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The Decision to Leave Work

The Case of Retirement from an Academic Career

Nancy E. Durbin

University of Washington

Edward Gross

University of Washington

Edgar F. Borgatta

University of Washington

This study examines the explanations offered by faculty at a major university regarding their decisions to accept or reject an attractive early-retirement option. A survey of faculty eligible for this option was administered soon after the end of the decision period for accepting the option. Two models are developed to describe the findings: The first includes only factors expected to enter into explaining for the decision to accept or reject the early-retirement option; the second adds time spent obtaining information and "considering" the decision. Both rational explanations and role-taking explanations are found to be involved in the retirement/nonretirement decisions. In addition, the second model indicates that the amount of time spent examining the option is a crucial link in the decision-making process. Demographic characteristics, health, and scholarly productivity all fail to show significant effects on the decision to take the attractive option to retire early.

Research on Aging, Vol. 6, No. 4, 572-592 (1984)
DOI: 10.1177/0164027584006004008
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