Gradual Retirement: Preferences and Limitations |
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Authors: | Tunga Kantarci Arthur Van Soest |
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Institution: | (1) Tilburg University, P.O. Box 90153, 5000 LE Tilburg, The Netherlands;(2) Tilburg University, Netspar and RAND, P.O. Box 90153, 5000 LE Tilburg, The Netherlands |
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Abstract: | In the traditional retirement scenario, individuals work full-time or part-time until a given age, and then stop working abruptly.
From the individual’s point of view, it seems more attractive to have a smooth transition, with gradual retirement. In Sweden
and other European countries, specific gradual retirement programs have been created in the past 20 years, first in combination
with early retirement programs and later to increase labour market participation of older workers. This paper surveys the
existing literature on gradual retirement in the US and Europe and analyzes the relevance of gradual retirement in the Netherlands
as a tool to keep people employed longer.
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Keywords: | partial pension phased retirement |
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