The value of phased retirement
By: Steven G. Allen.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10531; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10531.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: University of North Carolina at Chapel Hill.; Universities and colleges -- North Carolina -- Faculty.
Description: "This paper examines how phased retirement plans in higher education create value for both the institution and individual faculty, based upon evidence from the Survey of Changes in Faculty Retirement Policies and an in-depth case study of the University of North Carolina system.  Faculty benefit by receiving improved opportunities for part-time work and by having the ability to make a smoother transition to retirement.  The policy is clearly of great value to the 25 to 35 percent of UNC faculty who opt for phased over full retirement.  The biggest payoff to the university is an increase in the odds that low-performing faculty will start the retirement process earlier.  Universities also anticipate increased flexibility in managing faculty employment and compensation; phased retirement is most likely to be observed on campuses where a high percentage of faculty has tenure"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.