Fact of the Week: 17 February 2014
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1 out of 5 Adults Aged 65-67 Are Partially Retired
"While partial retirement was virtually non-existent for 60-62 year olds in 1960, over the past 20 years more than 15% of workers in this age group are categorized as partially retired. For 65-67 year olds, the recent partial retirement rate is over 20%, up from 5-10 percent in 1960." according to a 2013 analysis of data from the Social Security Administration.
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Gorodnichenko, Y., Song, J., & Stolyarov, D. (2013). Macroeconomic determinants of retirement timing. (Working Paper No. 2013-281). Ann Arbor, MI: University of Michigan Retirement Research Center. Retrieved from www.mrrc.isr.umich.edu.
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