%0 Report
        %A Even, William E.
%A Macpherson, David A.
        %T Do Pensions Impede Phased Retirement?
        %D 2004
        %8 2004 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1353
        %U https://www.iza.org/index.php/publications/dp1353
        %X 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.
        %K phased retirement