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Reinventing the Retirement Paradigm$
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Robert L. Clark and Olivia S. Mitchell

Print publication date: 2005

Print ISBN-13: 9780199284603

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199284601.001.0001

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Chapter Chapter Work and Retirement Plans Among Older Americans

Chapter Chapter Work and Retirement Plans Among Older Americans

(p.70) Chapter 5 Work and Retirement Plans Among Older Americans
Reinventing the Retirement Paradigm

Katharine G. Abraham

Susan N. Houseman

Oxford University Press

This chapter focuses on older individuals' plans for retirement and the realization of those plans. Using HRS data, the widespread interest among workers approaching retirement age in cutting back on their hours or changing the type of work they do, as a transition to, or in lieu of, full retirement, is documented. The extent to which these individuals are able to realize their plans is then examined. It is shown that those who plan to stop working altogether generally do, while those who plan to reduce their hours or change the type of work they do most often do not realize these plans. The factors that influence whether and how older individuals realize plans to reduce their hours and remain employed are considered.

Keywords:   older workers, labour force, retirement, working hours

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