Analysis Of Faculty Retirement Intention: Using A Proportional Odds Model

Abstract

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.