Open AccessAnalysis Of Faculty Retirement Intention: Using A Proportional Odds Model
Author(s) -
Bahman Bahrami,
Jerome W. Stockrahm
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v17i3.2084
Subject(s) - salary , staffing , mandatory retirement , odds , incentive , actuarial science , sample (material) , demographic economics , retirement age , psychology , logistic regression , business , economics , labour economics , statistics , management , pension , finance , mathematics , chemistry , chromatography , market economy , microeconomics
This paper uses data from a random national sample of faculty, age 50 and older, and explores factors affecting faculty member's retirement decisions for three expected retirement age categories. The variables such as end of mandatory retirement, age, current salary, expected others sources of income, early retirement incentives, and years of education have a significant effect on faculty retirement decisions. An understanding of these factors can help decision making for staffing purposes.