Partial Retirement as a Separate Mode of Retirement Behavior
利用1967-1973年退休历史调查数据，发现部分退休是一种重要的退休状态，其行为函数与完全退休或全职工作有显著差异。模型显示，对许多老年工人而言，关键决策是先决定是否参与劳动力，然后参与者再选择部分或全职工作。
Partial retirement is a quantitatively important retirement state that shows significant structural differences from behavioral functions of either full retirement or full-time work. Alternative models of the choice of retirement state are estimated on a sample of white married males from the Retirement History Survey, 1967-1973. Findings suggest that, while partial retirement appears to take several different forms, the critical choice for a large number of older workers appears to be that of labor force participation first, with either partial or full-time employment determined conditionally among participants. The model has good explanatory power and conforms to expectations of the effects of various relevant variables on labor supply decisions.